$AXS
S/USDT is cooling after a sharp vertical rally, and the chart is getting interesting.
Price is trading near 2.33 after rejecting from the 2.99 peak. The move was explosive, but profit-taking has kicked in. Despite the pullback, structure is still bullish as price remains well above the major moving averages. MA7 is curling down, showing short-term weakness, while MA25 and MA99 are far below price, confirming the broader uptrend is intact.
The zone between 2.20–2.10 is a critical demand area. Holding this range keeps the trend healthy and sets the stage for another push. A clean bounce here could send price back toward 2.60 first, with 2.95–3.10 as the main breakout target.
If 2.10 fails, expect a deeper correction toward 1.85–1.70, where strong historical support sits. Volume has cooled compared to the breakout phase, which is normal after such a fast run, but buyers need to step in soon to avoid trend exhaustion.
Momentum is resetting, not breaking. This is the moment where patience gets rewarded and panic gets punished. The next move from this zone will decide whether AXS reloads for another leg up or slips into a wider consolidation.