#AXS/USDT Mid-Term Technical Analysis
**Chart Observations:**
- The AXS/USDT pair has formed a classic **Inverse Head and Shoulders** pattern over the past 623 days, indicating a potential trend reversal from bearish to bullish.
- This pattern typically signifies the end of a downtrend and the beginning of an uptrend.
**Key Levels and Targets:**
1. **Immediate Support:** $8.45
2. **Inverse Head and Shoulders Neckline:** Approximately $11.00
**Projected Price Targets:**
1. **Target 1:** $20.80
- This level coincides with the 23.6% Fibonacci retracement, providing the first significant resistance after breaking the neckline.
2. **Target 2:** $31.30
- Aligns with the 38.2% Fibonacci retracement level, marking the second potential resistance area.
3. **Target 3:** $39.80
- Corresponds with the 50% Fibonacci retracement level, representing a major resistance and the final target in this analysis.
**Technical Indicators:**
- **Volume:** Increased trading volume supports the validity of the Inverse Head and Shoulders breakout.
- **Trend Analysis:** The long accumulation phase and the breakout suggest a strong bullish momentum.
**Conclusion:**
The AXS/USDT pair presents a promising mid-term investment opportunity, with a clearly defined bullish reversal pattern and multiple price targets. Investors should monitor the key support levels and target zones closely while considering market conditions and risk management strategies.
