Some altcoins rebounded despite broader market weakness, with AB among the strongest gainers.

AB Chain’s native token rose about 12% over the past 24 hours. Trading volume jumped over 53%, per CoinMarketCap data.

AB revisited May demand

After debuting in March, AB crypto price action entered into a pullback, which ended towards the end of May. AB went to make a new high in mid-June and then entered a bear market structure.

At press time, AB traded near its May lows, where buyers triggered a brief rebound. Even so, mid-term momentum still favored sellers.

AB had declined steadily since its June highs. Profit-taking followed the bounce, with Cumulative Volume Delta showing dominant sell pressure.

Short positions exceeded longs…