Market Overview: Axie Infinity/Tether (AXSUSDT) – 24-Hour Technical Summary

• • •
• AXS/USDT dips to 2.046 during 24 hours but rebounds to close near 2.10
• Volatility expanded with a 0.101 range, showing bearish pressure mid-day
• Volume surged to over 182k at 3:30 AM ET, coinciding with a sharp sell-off
• RSI indicates oversold conditions post-dip but failed to spark a sustained rally
• 15-minute doji and engulfing patterns signal indecision and potential reversals

The 24-hour candle for Axie Infinity/Tether (AXSUSDT) opened at 2.132 on 2025-09-25 at 12:00 ET and closed at 2.101 on 2025-09-26 at 12:00 ET, with a high of 2.134 and a low of 2.046. Total volume reached 1,451,488.25, and turnover amounted to ~$2,997,138. Price action displayed a mid-day breakdown, followed by a modest recovery in the afternoon.

Structure & Formations

AXSUSDT formed multiple key structures throughout the day, including a strong bearish engulfing candle at 16:30 ET, which signaled a shift in sentiment from bullish to bearish. A doji formed at 23:45 ET near 2.051, indicating market indecision after the selloff. A bullish engulfing pattern at 09:30 ET attempted a reversal but failed to sustain above 2.10. Notable support levels include 2.046 (low), with resistance around 2.10–2.106. The price appears to consolidate between these levels ahead of potential follow-through.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed over several times, but the 50SMA remains above the 20SMA, indicating a bearish bias in the short term. On the daily chart, the 50DMA crossed below the 200DMA, confirming a bearish trend. The price closed near the 50DMA, suggesting short-term indecision. A move below the 50DMA could signal further downside.

MACD & RSI

MACD lines trended lower throughout the day, with a bearish crossover and negative histogram reinforcing a weakening momentum phase. RSI dipped to 29 at the low, indicating oversold conditions, but failed to spark a strong rebound. This suggests a potential continuation lower rather than a reversal. The oscillator is now stabilizing between 45–50, indicating a neutral to slightly bearish bias.

Bollinger Bands

Bollinger Bands expanded significantly during the 3:30 AM ET selloff, with price hitting the lower band at 2.046. This suggests a period of high volatility and possible exhaustion on the downside. Price has since rebounded and sits near the middle band, with the upper band at ~2.106. A break above this level could signal a short-term bullish recovery.

Volume & Turnover

Volume spiked sharply at 3:30 AM ET during the sell-off, with over 182k volume, suggesting increased bearish participation. Notional turnover mirrored this trend, peaking at $385,306. However, volume dipped in the afternoon as price tried to recover, indicating weak follow-through. Divergences between price and volume suggest a potential consolidation phase ahead.

Fibonacci Retracements

Fibonacci levels from the 16:30 ET low to the previous day’s high highlight key levels. The 61.8% retracement is at ~2.092, and the 78.6% at ~2.107. Price tested both levels in the afternoon, with 2.107 acting as a key near-term resistance. A break above this level could signal a short-term reversal.

Backtest Hypothesis

A potential strategy for AXS/USDT involves entering long positions on a bullish engulfing pattern forming above the 61.8% Fibonacci retracement and confirming with a close above the 20SMA on the 15-minute chart. A stop-loss is placed below the most recent swing low, with a target at the upper Bollinger Band. Given the recent volatility, this strategy may be optimized during low-liquidity hours, when sharp price moves are more likely. The MACD and RSI need to confirm bullish momentum for the trade to be valid, and a divergence between price and volume should trigger a reevaluation of the signal.