$AXS /USDT Analysis – Potential Bullish Reversal in Play

AXS has been moving within a descending wedge structure, often seen as a precursor to bullish reversals. Recently, it managed to push through the wedge’s upper boundary, hinting at a shift in trend sentiment.

The breakout comes as selling pressure fades and momentum begins to lean bullish. A potential retest of the breakout level could serve as confirmation before a continued rally. If this pattern plays out, the next notable resistance lies around 6.50 USDT, marking our projected target.

Trade Snapshot:

Pattern: Descending Wedge (Bullish Implication)

Status: Breakout Observed

Target Zone: 6.50 USDT

Key Focus: Monitor retest area for entry confirmation

This projection is aligned with our smart analysis system that flags potential breakout opportunities based on price structure and momentum dynamics. We’ll keep watching for confirmation signals and update accordingly.