🔥 AXS Short-Term Bullish Shift, But Bigger Trend Still Risky
Axie Infinity ($AXS ) is showing signs of short-term bullish momentum after recent MACD and EMA crossovers. However, the bigger market structure is still mixed, so traders should stay cautious.
Market Structure:
AXS bounced from the lower range and is forming higher lows on the short timeframe. This suggests a possible relief rally, but the long-term trend is still weak due to past heavy sell-offs and capital outflows.
Key Levels to Watch:
Support: $1.45 – $1.36
Major Support: $1.16
Resistance: $1.63 – $1.71
Breakout Target: $1.85+
Bias:
➡️ Short-term Bullish
➡️ Mid/Long-term Neutral to Bearish (due to inflation concerns and outflows)
New bAXS token and Terrariums game mode could boost demand, but volatility remains high. Trade with risk management.
