Decoding AB crypto’s 13% surge – Can bulls defend $0.0067?

Key Takeaways

Why is AB token up today?

The price of AB is up after bulls defended a key retracement level, reduced locked tokens to 12% of total supply, and TVL growth.

Will the price sustain the trend?

Continued involvement by bulls could keep AB trending up, but bears at $0.0085 pose a risk of initiating a sell-off.

AB [AB], a token launched this year from the Newton Project, has surged over 13% in the past 24 hours and 33% over the past week at the time of writing.

Its market capitalization stood at $666 million.

AB price respects the key retracement level

The price action of AB rose from a key retracement level between the 0.5 and 0.618 zone. The rebound suggested a healthy trend, gauging the zone where the price inflected.

Initially, AB rose from $0.0055 to $0.0085, which represented a 55% move from the low. The rally was driven by the deployment of USD1 by World Liberty Financial [WLFI], as reported earlier by AMBCrypto.

The rally in the past 24 hours peaked at 24% but was rejected at the $0.0084 zone. This level earlier ignited a 39% decline between the 9th of October and the 5th of November.

The Price Volume Trend (PVT) was negative $11.23 million, explaining the reduction in daily gains.

Source: TradingView

The Bull Bear Power (BBP) was bullish after two days of bear control. The bulls defended the $0.0067 zone but did not have enough momentum to break above $0.0085.

Sellers have reacted instantly and could take the price back to the lows if they outweigh the bulls. However, bulls continue to defend the 23.6% retracement level of the initial move.

Why is the price of AB up?

One of the key drivers behind AB’s price increase has been its circulating supply dynamics.

The amount of locked supply has dropped to under 12%, while the unlocked supply has reached 87.63 billion AB tokens. 

With the full unlocking scheduled for the 6th of February 2026, and a maximum supply capped at 98.82 billion tokens, this gradual release reduces the risk of sharp sell-offs typically associated with token unlock events.

Source: CoinMarketCap

Additionally, it was driven by a surge in Total Value Locked (TVL) in the past 24 hours. At press time, the value rose by 7.26%, that is, to about $1.07 million as per DefiLlama data.

In the meantime, total AB holders stayed flat over the last 24 hours. The number stagnated at 25.87K, which was a decline from the high of the week, which was at 25.88K. However, the change was negligible.

Source: CoinMarketCap

AB remains bullish at the moment but trades at a crucial zone, which could cause a drop if bulls don’t sustain the momentum.