Market Overview: AXSUSDT at Critical Decision Point

Summary
• Price formed a bullish engulfing pattern at 0.905, followed by a pullback to 0.913–0.922 consolidation.
• RSI and MACD signaled a bearish divergence after 17:00 ET, hinting at oversold short-term conditions.
• Volatility expanded during the 23:15–00:00 ET range, with a 0.929 high above key prior resistance.
• Bollinger Bands widened after 00:00 ET, indicating increased uncertainty and potential range retesting.
• Daily Fibonacci levels at 0.915 (38.2%) and 0.909 (61.8%) acted as key psychological support levels.

Axie Infinity/Tether (AXSUSDT) opened at 0.922 on 2025-12-16 12:00 ET, reaching a high of 0.935 and a low of 0.890, with a close near 0.931. The pair traded with a 24-hour volume of 580,577.32 AXS and a turnover of $515,210.

Structure & Formations

A bullish engulfing pattern formed at 0.905 (19:30–20:00 ET), followed by a failed breakout at 0.929 (23:15–00:00 ET), reinforcing 0.913–0.922 as a critical consolidation range.

A doji at 0.925 (00:45–01:00 ET) marked a pause in the upward thrust, suggesting short-term indecision.

Momentum and Volatility

RSI bottomed near 30 at 03:00–05:00 ET, signaling oversold conditions, while MACD flattened, indicating waning bearish momentum. Bollinger Bands widened significantly after 00:00 ET, reflecting increased uncertainty, with price briefly testing the upper band at 0.929.

Volume and Turnover

The highest volume occurred between 06:00–06:45 ET and again at 16:00–16:45 ET, coinciding with price consolidation around 0.925. A divergence appeared between price and turnover after 16:45 ET, where volume declined despite a price rebound, hinting at possible distribution.

Key Levels and Fibonacci

Support levels at 0.909 (61.8% Fibonacci) and 0.915 (38.2%) held firm during multiple tests, suggesting they may act as floors for the next 24 hours. Resistance remains at 0.929, which was briefly tested but not decisively broken.

Over the next 24 hours, AXSUSDT may test 0.929–0.931 again to determine whether the recent bullish momentum is sustainable. A close below 0.915 could reignite bearish pressure, so investors should monitor volume for confirmation.