๐ Axie Infinity (AXS/USDT) โ Testing the Wedge Bottom Near ~$2.78
๐ Current Price: ~$2.86
โฑ๏ธ Timeframe: 4H / Daily
๐ง Candle & Market Behavior:
AXS recently bounced off the 50-period MA (~$2.50), showing buyers stepped in early.
Itโs been forming a falling wedge โ illustrated by series of lower highs and deeper lows converging toward support.
Rejection wicks near $2.70โ$2.75 tell us that dips are being bought aggressively.
A bullish breakout candle above the wedge, coupled with increasing volume, would confirm upside momentum is resuming.
๐ฏ Key Levels:
Entry Trigger: Break and hold above $2.90โ$2.95 with strong volume.
Guardrails: Price needs to stay above $2.70; failure leads to wedge invalidation.
Upside Targets: Short-term to $3.40โ$3.60, extended to $4.20+ if momentum accelerates.
