AIXBT's recent trend has been quite eye-catching. This wave of increase is mainly due to the resonance of several factors: firstly, the technical aspect is indeed strong, with short-term EMA firmly suppressing long-term EMA, and the MACD histogram also expanding positively, indicating a strong bullish sentiment. Secondly, interesting on-chain activity—new wallets making large moves, with a single purchase of 806K AIXBT positions. This institutional-level active accumulation suggests there is still imagination about the future market.

However, a word of caution is necessary here. Currently, RSI6 has surged to 88.06, and RSI12 is also at 77.23, strictly speaking, already entering the overbought zone. The price has also broken through the upper band of the Bollinger Bands, indicating that the short-term rally is somewhat overextended, and the market is beginning to expect a correction. If negative news hits at this point, it could easily trigger a correction to digest the gains.

Another support for this wave of market movement is the AI narrative. The community is discussing AIXBT's position in the AI agent track quite a lot, with positive sentiment continuously boosting the heat, and funds are rotating into the market. But beware of the narrative fading; once speculative enthusiasm cools down, bearish voices are likely to dominate. Overall, at this level, it's important to watch out for risks and not be blinded by overbought signals.