“AXS Breakout Alert! Is This the Start of a New Rally?”
AXS is currently trading around 2.63 USDT and showing a strong bullish trend on the daily timeframe. After a long consolidation phase near 0.78 – 1.10, the price has given a powerful breakout, which clearly indicates strong buyer control in the market.
Price is trading above all major moving averages, with MA(7), MA(25), and MA(99) aligned in a bullish structure. This confirms that momentum is still on the upside and the trend remains positive.
We can see a rejection near the 2.95 – 3.00 resistance zone, which is acting as a temporary supply area. However, the price is holding above key support at 2.10 – 2.20, which shows buyers are defending this level strongly.
Volume increased significantly during the breakout, confirming that this move is supported by real buying pressure and not just manipulation. This rally also appears to be driven by short covering and FOMO buying.
If AXS breaks and closes above 3.00, the next potential upside targets are 3.40 to 3.80. On the downside, a pullback toward 2.20 could provide a healthier buying opportunity.
Overall, AXS remains bullish, but chasing at resistance is risky. Smart traders wait for pullbacks or confirmed breakouts before entering.
