Market Overview for Axie Infinity/Tether (AXSUSDT)

Summary
• Price surged to 0.857 before retracting to 0.843, forming a potential topping pattern.
• Volume spiked over 87k at 12:00 ET, aligning with the high and confirming bullish momentum.
• RSI reached overbought territory near 80, suggesting a probable pullback.
• Bollinger Bands widened during the session, signaling increased volatility.
• Fibonacci 61.8% level at 0.847 appears to act as a key support during pullbacks.

Axie Infinity/Tether (AXSUSDT) opened at 0.831 on 2025-12-27 at 12:00 ET–1, hit a high of 0.857, and closed at 0.843 by 12:00 ET. Total 24-hour volume reached 87386.24, with turnover at 74617.69. Price action showed a sharp rally followed by a measured consolidation, hinting at a potential turning point.

Structure & Formations

The price surged above key resistance at 0.847, forming a bullish breakout, followed by a rejection at 0.857. A bearish engulfing pattern formed as price pulled back from the high. A doji near 0.85 suggests indecision and a possible near-term reversal.

Moving Averages

On the 5-minute chart, the 20SMA crossed above the 50SMA early in the session, confirming bullish momentum. However, the 50SMA now sits above the 20SMA, indicating weakening upside momentum.

MACD & RSI

The MACD crossed into overbought territory, with a bullish divergence at 12:00 ET. RSI hit 80, signaling overbought conditions, while a bearish divergence emerged after 14:00 ET, suggesting a possible pullback.

Bollinger Bands

Bollinger Bands expanded significantly between 11:00 ET and 14:00 ET, reflecting heightened volatility. Price closed just below the upper band, suggesting a retest of the upper channel may trigger a reversal.

Volume & Turnover

The largest volume spike occurred at 12:00 ET, coinciding with the high of 0.857, which confirmed the strength of the rally. However, turnover diverged after 15:00 ET, with volume declining as price remained range-bound, signaling waning momentum.

Fibonacci Retracements

The 61.8% Fibonacci retracement level at 0.847 served as a strong support, with price bouncing off it twice. The 38.2% level at 0.843 also acted as a support, indicating possible consolidation in this area.

Moving forward, a break below 0.843 could trigger a retest of 0.835, while a close above 0.857 may confirm a bullish breakout. Investors should remain cautious due to the high volatility and mixed momentum signals.