Current Price: $8.22 (+24.78%)
24h High: $8.935
24h Low: $6.491
Volume (24h): 7.96M AXS ($60.60M USDT)
📊 Key Technical Indicators:
1. Short-Term Momentum (EMA):
EMA(7): $7.314
EMA(25): $6.445
EMA(99): $5.709
The price is trading significantly above all EMAs, suggesting strong bullish momentum.
2. Bollinger Bands:
Current breakout signals high volatility with upward expansion, indicating buyers are dominating.
3. MACD:
Positive divergence on the MACD histogram supports bullish sentiment.
4. RSI:
Likely nearing overbought territory, signaling caution for short-term traders.
📈 Price Targets:
1. Target 1: $9.00
Near the previous 24h high of $8.935, this is the next key resistance level. A breach above could trigger further momentum.
2. Target 2: $10.50
Psychological resistance and a likely profit-taking zone for many traders. Breakout traders will watch for this level as confirmation of extended bullish momentum.
3. Target 3: $12.00
Represents the next major resistance if the uptrend continues, with strong volume and positive market sentiment sustaining the rally.
⚠️ Risk Management:
Watch for pullbacks to $7.00-$7.30 (support from EMA(7) and EMA(25)).
If the price falls below $6.50, it could signal a trend reversal.
💡 Insights:
AXS has shown strong bullish movement, driven by gaming sector gains. Volume spikes and trend indicators support further upside, but traders should monitor for corrections. Always
trade with proper risk management!
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