💡 Quick technical analysis:
✅ A strong support level is testing its resilience!
The price touched 2.341 and is close to the lowest price in 24 hours, which may indicate a potential rebound area.
✅ RSI is in the oversold zone!
The Relative Strength Index (RSI) is at 15.18, which is a very low level, indicating that AXS may be in the 'oversold' zone – a golden opportunity for a rebound!
✅ Convergence in momentum indicators!
The MACD and Signal Line are approaching each other, which may indicate a near positive crossover – the beginning of new momentum?
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🚀 Expected Scenario:
If AXS can rebound from the current level (2.34 – 2.35) and break 2.50, we may see a rise towards 2.70 – especially if supported by an increase in trading volume.
If it breaks 2.34, the next support will be around 2.20.
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📊 Technical pattern analysis – Are we anticipating a reversal pattern?
🔍 Is there a possibility of forming a 'Double Bottom' pattern?
Repeated decline with an attempt to rebound at the same level may form a double bottom, which is a traditional bullish pattern.
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🚨 Supporting signals from indicators:
RSI is very low → there is a high possibility of a bullish rebound.
MACD is close to a positive crossover → an indication of upcoming bullish momentum.
Trading volume is relatively stable → provides an opportunity to accumulate before the launch.
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🎯 Upcoming movement expectations:
Bullish breakout: above 2.50 → short-term targets at 2.70 and 2.85.
Corrective drop: breaking 2.34 → support at 2.20 then 2.08.
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💬 My personal opinion:
AXS is approaching a critical stage, and with the current oversold condition, I see a strong rebound opportunity coming. However, patience and monitoring price action is essential.
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✅ Final advice:
Set a stop loss below 2.30 to reduce risks.
Follow the news and trading volume closely over the next few hours.
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📢 What do you think? Is AXS on the verge of a new upward wave? Or is there more correction to come? Share your analysis!