AIXBT, an altcoin, experienced a surge in value but faced sell-offs, leading to a decline in its price. The decline can be attributed to a shift in market sentiment, as the altcoin failed to hold above its 20-day Exponential Moving Average (EMA). The declining Chaikin Money Flow (CMF) further confirms the bearish sentiment. The altcoin's 20-day EMA acts as support at $0.29, and if it fails to hold, the price may decline further. However, if buying activity resumes, AIXBT's price could breach resistance and attempt to reach its all-time high of $0.36.



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