$AXS /USDT Weekly Chart Analysis
1. Breakout Confirmed: The price has broken above a long-term downtrend line near ~$8, signaling potential trend reversal.
2. Key Levels:
Resistance: $10-$12 (current supply zone). A breakout here could target $42-$50 in the long term.
Support: $7.50 (breakout point) and $4.00-$5.00 (strong base).
3. Outlook:
Bullish: A close above $12 could trigger further upside.
Bearish: Rejection may lead to a pullback toward $7.50 or $5.00.
The $10-$12 zone is critical for determining the next major move.
