๐ AXS Update | Smart Money vs Noise
After a strong +200% monthly rally, AXS has entered a volatility cooldown phase โ a normal pause after an aggressive move.
On-chain data shows retail selling into the pullback, while whales accumulated ~160,000 AXS in the last 24 hours.
This accumulation lines up with growing interest around the bAXS (Bonded AXS) tokenomics overhaul, which aims to reduce long-term sell pressure and improve supply dynamics.
๐ Key level to watch:
As long as $2.40 holds as support, the structure remains constructive.
๐ฏ Upside focus:
A successful hold opens the path toward the $3.15 psychological resistance.
Patience matters here โ cooldowns often decide the next direction.
Coins: $AXS
Hashtags: #BinanceSquare #AltcoinAnalysis #OnChainData #CryptoInsights #AXS
My trading identity:
DR4G0N TR4D3RS ๐๐