$AXS S is feeling the weight today and the chart tells a clean story. Price is trading around 2.45 after a sharp rejection from the 2.69 area, marking a clear lower high. The drop pushed AXS down nearly 6.3 percent on the day, with sellers firmly in control during the last impulse.
After the sell off, price found temporary relief near 2.42 and bounced, but the recovery lacks strength. Short term moving averages are stacked above price, showing bearish pressure, while volume has cooled down after the panic leg. This usually signals hesitation, not confidence.
The immediate support zone sits between 2.42 and 2.34. If buyers lose this area, another flush toward the daily low is very possible. On the upside, any bounce into 2.50 to 2.53 is likely to face heavy selling, as this zone aligns with key moving averages and previous breakdown structure.
Right now AXS is in a waiting phase. Bears remain in control below 2.53, while bulls need a strong reclaim with volume to change momentum. Until then, expect choppy moves, fake bounces, and patience to be rewarded more than emotion.
#VIRBNB #TokenizedSilverSurge #ClawdbotSaysNoToken #ClawdbotSaysNoToken