For seasoned traders, the first glance at AIXBT isn't just about the drop percentage, but whether the sell pressure continues after the sharp decline.
AIXBT is down 11.62% over the past 24 hours, and the pullback is significant. Right now, the focus isn't on how much it's dropped, but whether the selling pressure is nearing its end. Current price is around 0.02892, with a 24h trading volume of about 5.8774 million, and the increased volume seems more like panic selling being released all at once.
Reference indicators: 30m KDJ 26.42/32.16/14.93, indicating short-term volatility is heating up; conversely, if the J value fails to bounce back, the short-term volatility could easily turn weak again; the current trading volume is only 0.4 times the normal level, suggesting weak participation from funds; if the volume doesn’t pick up later, any price rebound will likely lack sustainability.
The order book needs to provide two answers: whether a short-term bounce has formed a second confirmation, and whether the sell pressure has diminished after the increased volume during the drop. If both hold steady, it looks like a recovery; if only one does, then it remains in a weak consolidation.
In this type of pullback, what really matters isn’t how much it has dropped, but whether the sell pressure is easing and if the structure can hold together.
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