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Strong Bearish Candles In AIMBOT Crypto, What’s Coming Ahead?

  • In the last 30 days, AIMBOT has shown only 13 green trading days.
  • The crypto is not trading with any fiat currencies.

Aimbot is an AI-powered crypto service that finds new coins to invest in and shares the profits. It also allows users to set up their own AI trading bots to navigate the cryptocurrency market.

Source: CoinMarketCap

The price of the AIMBOT token has declined by 9.5% in the last 24 hours and is currently trading at a level of $5.17. Also, the market cap of the crypto is $5.41M and the market cap ranking of the crypto is #3891.

The value of the traded volume for the crypto has witnessed an advance of 19.07% in the last 24 hours which results in a value of $76.1K. This further results in a volume/market cap ratio of 1.57%. 

The all-time low price ever recorded for the AIMBOT crypto is $3.57 and the price of the crypto since then has advanced by 51.6%. The all-time low price for the crypto was recorded on August 22, 2023 and after a few days, the crypto hit its all-time high price of $21.93 on August 31.

The volatility of the Aimbot crypto is also very high resulting in 16.35% and the sentiment of the crypto is bearish. Despite this, the fear and greed index indicates extreme greed.

AIMBOT Token Supply Overview

Source: Etherscan.io

The Onchain market cap of the Aimbot token is $5.19M and further results in a circulating supply market cap of $.183M. The total supply and the maximum supply for the Aimbot is the same resulting in 1.0M AIMBOT. 

Also, there are a total of 3.6K holders of the token as per Etherscan.io and further resulting in total transfers of 96.2K.

AIMBOT Crypto Technical Analysis

Source: AIMBOT/USDT Chart By Tradingview

The price of the AIMBOT crypto is consistently forming lower low swing on the daily chart. This is further followed by strong bearish candles on the chart which indicates the dominance of sellers in crypto. 

The current behavior of the price does not show any sign of buyers presence or reversal in the price to the higher levels. 

The price of the crypto further tried to advance to higher levels and surged by 80% in just few days but failed to sustain the higher levels as the crypto witnessed strong profit booking. 

AIMBOT/USDT Chart by TradingView.com

The price of the crypto is trading below the crucial EMAs such as the 20,50 and the 200-day EMAs. Moreover, the EMAS are also trading in a bearish cross and the price of the crypto is sliding to lower levels followed by the decline in the values of the EMAs. 

The RSI has declined below the 50-level and has also slid below the 14-day SMA indicating a decline in the momentum of the crypto. 

The MACD and the signal line declining from the higher levels has led below the zero level followed by a bearish cross of metrics. The histograms formed on the MACD chart are also bearish. 

Summary

Aimbot, an AI-powered crypto service, has faced bearish sentiment with only 13 green trading days in the last month. Despite high volatility and extreme greed in the fear and greed index, AIMBOT’s price has declined by 9.5% in 24 hours, forming lower lows and strong bearish candles, signaling further downside potential.

Technical Levels:

  • Support levels: $4.0200 and $5.0300
  • Resistance levels: $9.8300 and $16.6700
Disclaimer

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

Categories: Cryptocurrency
Nancy J. Allen: Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.