Axie Infinity Market Overview: 24-Hour Breakdown and Key Levels

• AXSUSDT opened at $2.517 and closed at $2.449 after a 24-hour decline of 3.5%.
• A strong bearish breakdown occurred below key support at $2.50, triggering a rapid sell-off into $2.437.
• Volatility expanded significantly, with a 24-hour high of $2.586 and low of $2.409.
• Momentum indicators (RSI, MACD) confirm bearish divergence and oversold conditions near $2.44.
• High-volume selling pressure dominated after 08:00 ET, with turnover spiking at 16:00 ET.

Axie Infinity (AXSUSDT) opened at $2.517 on 2025-08-10 at 12:00 ET and closed at $2.449 on 2025-08-11 at 12:00 ET. The price swung between a high of $2.586 and a low of $2.409. Total volume for the 24-hour period was 467,000, and turnover was approximately $1,150,000, reflecting high volatility and selling pressure.

Structure & Formations

The 15-minute chart displayed a strong bearish breakdown below key support at $2.50 after 08:00 ET. A decisive hammer-like reversal failed to hold above $2.50, and a deep green candle at $2.46–$2.437 signaled aggressive selling. A bearish engulfing pattern formed at $2.53–$2.504, confirming the shift in sentiment. A doji near $2.442 at the end of the 24-hour window may indicate a short-term pause in the decline.

Moving Averages

On the 15-minute chart, price closed well below both the 20-period and 50-period moving averages, reinforcing the bearish bias. Daily moving averages (50, 100, and 200) also sit above current price levels, indicating a potential continuation of the downtrend.

MACD & RSI

The RSI closed near 29, indicating oversold conditions, although a bearish divergence was observed as the price made lower lows while RSI failed to confirm a rebound. MACD crossed below zero and remained in negative territory, signaling weak bullish momentum and continued selling bias.

Bollinger Bands

Volatility expanded significantly following the breakdown below $2.50, pushing price close to the lower Bollinger Band. A contraction occurred earlier in the session, but it did not provide a reliable breakout signal. Price remains near the lower bound, suggesting the potential for a mean retest or further weakness.

Volume & Turnover

Volume surged in the early morning and late afternoon, particularly after 08:00 ET, when the breakdown occurred. Notional turnover confirmed selling pressure with a peak at $2.46–$2.437. A divergence between price and turnover at the end of the 24-hour window may hint at a short-term buying pause or accumulation.

Fibonacci Retracements

On the 15-minute chart, the breakdown from $2.586 to $2.437 aligned with a 61.8% Fibonacci retracement level near $2.45. A 38.2% retracement at $2.53 served as an initial resistance level before the price continued lower. Daily retracements suggest potential support near $2.40 and resistance at $2.65.

A forward-looking view suggests AXSUSDT may test the immediate support at $2.43 and look for a potential bounce from there, but the broader bearish bias remains intact. Investors should remain cautious of a retest of the $2.40 level and be mindful of potential short-term volatility and order-book imbalances.