🚀 AXS/USDT Market Update: Is a Big Move Coming? 📈
Axie Infinity (AXS) is showing strong signs of a trend reversal. After a long period of consolidation, the price action suggests that the bulls are regaining control. If you are looking for the next potential breakout, here is the technical breakdown: $AXS
📊 Current Market Sentiment:
Price Status: Currently trading around the $2.09 - $2.20 range.
Trend: Bullish momentum. AXS has successfully broken out of a long-term descending channel.
Volume: Increasing buying volume indicates strong interest from investors at these levels.
🎯 Potential Upside Targets (Resistance):
If the bullish momentum continues, watch out for these key levels:
Target 1 (TP1): $2.60 - $2.75 (Immediate resistance zone)
Target 2 (TP2): $2.92 - $3.10 (Previous swing high)
Long-term Outlook: If the GameFi sector gains more traction in 2026, we could see AXS testing the $5.00+ mark.
📉 Downside Risks (Support):
In case of a market-wide correction, these are the levels to watch:
Primary Support: $1.95 - $2.00 (Crucial psychological support).
Secondary Support: $1.65 - $1.80 (Major accumulation zone).
💡 Strategy & Tips:
Entry Strategy: Look for entries during healthy pullbacks toward the $2.05 area.
Indicator Note: The RSI is slightly elevated; a brief consolidation here would be healthy for a sustained move upward.
Risk Management: Use a Stop Loss below $1.80 to protect your capital.
⚠️ DISCLAIMER: This is not financial advice. Crypto markets are highly volatile. Please Do Your Own Research (DYOR) before investing.