Date: Mon, March 24, 2025 | 11:29 AM GMT
The cryptocurrency market is showing strong upside momentum today as Ethereum (ETH) surges by over 4%, bringing it close to $2,100. Its impressive 9% weekly gain is providing relief to altcoins, many of which have suffered heavy corrections over the past 90 days. Among these are AI Agent tokens AIXBT and GRIFFAIN, both of which experienced a brutal decline after their initial hype.
However, as market sentiment improves, both tokens have recorded impressive double-digit price increases today, sparking hopes of a potential recovery.
AIXBT: The Rounding Bottom Could Signal a Reversal
AIXBT’s price has been in a steep downtrend since mid-January after facing strong rejection from its all-time high of $0.96. The price collapsed by over 90%, recently hitting a low of $0.093, where it appears to be forming a Rounding Bottom pattern.
The recent bounce has brought AIXBT back into the spotlight, currently trading at $0.13. It is now approaching a crucial resistance level at the 50-day moving average, and a breakout above this level could confirm a recovery.
If AIXBT successfully follows this Rounding Bottom Pattern, a potential rally could be on the horizon in the coming months, possibly pushing the price back toward its all-time high of $0.96.
GRIFFAIN: Mirroring AIXBT’s Price Structure
Similar to AIXBT, GRIFFAIN has been trapped in a brutal downtrend since January 22, after facing rejection from its all-time high of $0.64. The price collapsed by over 94%, recently hitting a low of $0.03492, where it also appears to be forming a Rounding Bottom pattern.
GRIFFAIN’s recent bounce has pushed it back into the spotlight, with the price now hovering around $0.055. It is now approaching the 50-day moving average, a key resistance level. A breakout above this could indicate the start of a strong recovery trend.
If GRIFFAIN follows its Rounding Bottom Pattern, it may see a significant price increase, potentially reclaiming its all-time high of $0.64 in the coming months.
Final Thoughts
Both AIXBT and GRIFFAIN are showing promising signs of recovery, supported by the Rounding Bottom pattern and improving market conditions. However, confirmation of this recovery will depend on their ability to break above the 50-day moving average and sustain bullish momentum. With Ethereum rallying, the market environment appears favorable for AI tokens to regain strength.
Investors should closely monitor key resistance levels, trading volume, and Ethereum’s price action to gauge the sustainability of this recovery.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.