$AXS has seen a slight decline of 1.373% in the past 24 hours.
The price fluctuated between 2.36 and 2.208, currently testing key support at 2.208.
Bollinger Bands indicate potential consolidation, with the upper band at 2.338 and the lower at 2.195.
The overall downtrend suggests weakness in the current market, compounded by macroeconomic factors.
Inflation concerns and regulatory updates remain key considerations for traders.
Bitcoin's influence appears muted, possibly limiting significant movements in AXS.
Traders may consider a short-term approach due to the current volatility.
Key takeaway: Monitor macroeconomic indicators closely, as they may drive volatility in AXS price action.
