$AXS collapsed back to 1.184, erasing all earlier intraday gains and confirming a strong shift into a downtrend.
🔍 Key Highlights
• Bearish momentum: EMA slope is firmly downward, and MACD remains in a deep bearish cross — sellers fully in control.
• Extreme oversold levels: RSI at 12.45 and a clear break below the lower Bollinger Band signal an oversold washout, where a short-term technical bounce is possible.
• Solid fundamentals: The Axie ecosystem remains active — S12 Offseason, Codex discussions, and ongoing community events continue to support the long-term narrative.
⚠️ Risks to Consider
• Strong, persistent selling pressure.
• Weak inflows and lack of large buyers reduce chances of an immediate reversal.
💬 Analyst Insight
$AXS looks heavily oversold and primed for a local bounce, but unless the EMAs begin to curve upward, the downtrend will continue to dominate.
The smarter strategy is to wait for clear structural confirmation before entering.
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$AXS and trade cautiously — discipline beats emotion every time
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