Axie Infinity cryptocurrency forecast #AXS

Based on the AXS liquidation map for the last three months, several conclusions can be drawn:

Support and resistance 📏:

The chart shows a strong concentration of liquidations in the $8-10 area, which indicates important resistance levels. Current support levels can be found in the $6-7 range, where there are fewer liquidations.

Liquidation trends 🔄:

Recent weeks have seen a higher concentration of liquidations in the upper price range (closer to $12-$13), which may indicate the potential for higher volatility and selling pressure at these levels. The bulk of liquidations are concentrated below the current price, indicating potential strong levels support.

General trends 📉:

The chart shows that the price of AXS declined throughout March and April, but since May there has been stabilization and attempts to rise. In May and June there are fluctuations between the $7 and $10 levels, which may indicate the formation of a consolidation range.

AXS Trading Tips 🚀⚠️

Bullish Scenario: If AXS price is able to break through the resistance levels in the $8-$10 range with high volume, it could signal further upside potential. Target levels may be around $12-13.

Bearish scenario: If support levels in the $6-7 range are broken, further declines are possible and levels around $5 should be considered as the next support.

Risk Management: Given the high volatility and the accumulation of liquidations at resistance levels, it is important to use a strict stop loss and limit risks.