🚀 $AXS / USDT: Bullish Breakout & Momentum Update
$AXS has decisively broken out of a long-term consolidation zone, reclaiming the 200-day EMA and flipping the $2.00 psychological level into strong support. While the RSI indicates overbought conditions on the daily timeframe, the trend remains firmly bullish as capital rotates back into the GameFi sector.
📊 Trading Signal (Spot/Low Leverage)
Entry Zone: $2.70 – $2.82 (Current market price or on minor pullbacks)
Alternative Entry: Wait for a dip toward $2.55 (MA20 support on 4H)
🎯 Target Levels (Take Profit)
Target 1: $3.00 (Immediate psychological resistance)
Target 2: $3.25 (Mid-term resistance)
Target 3: $3.50 (Major supply zone/June 2025 peak)
Long-term Moon: $5.00+ (If the "Atia’s Legacy" beta in Q2 2026 maintains hype)
🛡 Risk Management (Stop Loss)
Stop Loss: $2.42
Logic: A close below $2.40 invalidates the current bullish structure and suggests a deeper retracement toward the $2.00 support.
🔍 Technical Insights
Volume: 24h trading volume remains high ($500M+), suggesting strong institutional and retail interest.
Catalysts: The shift to bAXS (Bonded AXS) is reducing sell pressure from "farm-and-dump" players, creating a tighter supply.
trad now 👇👇
