🤔 Is AXS in a deep correction or finding a new support point?
The token is trading at 2.432, registering a significant drop of 4.78% in the last 24 hours.
Quick Technical Analysis:
The price is trading near the day's low (2.343), after being rejected in the 2.692 region. This movement suggests strong selling pressure in the short term. The level of 2.343 now acts as critical support; a break below could intensify the selling. For any reversal, the price needs to recover and stabilize above 2.50.
Market Data:
Current Price: $2.432 (≈ R$ 12.59)
Variation (24h): -4.78%
Daily Range: $2.343 - $2.692
Volume (24h): 13.97 Mi AXS / 34.93 Mi USDT
Outlook for the Next Hours:
The momentum is clearly bearish. The priority is to observe if the support at 2.343 holds. A recovery above 2.50 could signal a temporary relief, but as long as the price remains below 2.43, the scenario continues to be vulnerable to further declines. Confirmation of a reversal would require significant buying volume.
$AXS #AXS #AXS/USDT #AXSUSTD #AXS/BTC #AXSRising
