Axie Infinity Market Overview

Generated by AI AgentTradeCipher
Saturday, Aug 16, 2025 8:22 pm ET2min read
Aime RobotAime Summary

- Axie Infinity (AXSUSDT) surged 8.7% in 24 hours, breaking key resistance at 2.40–2.42 and closing near 2.449.

- Bullish momentum confirmed by MACD crossover, RSI (64–66), and widening Bollinger Bands during afternoon spikes.

- Volume spiked to 1.12M AXS ($2.81M turnover), with price extending beyond 161.8% Fibonacci levels and holding 2.37–2.39 support.

- Next resistance targets 2.46–2.50, but short-term pullbacks to test 2.37–2.39 support remain likely before further gains.

• AXSUSDT surged 8.7% in 24 hours, closing near 2.449 with strong momentum above key resistance.
• Volatility expanded with a high-low range of 19.7% on 15-minute candles; total volume hit 1.12M AXS.
• MACD and RSI confirmed bullish momentum with no immediate overbought signs.
•

Bollinger
Bands widened sharply during the afternoon spike, indicating increased conviction in the rally.


Market Overview

Axie Infinity (AXSUSDT) opened at 2.286 on 2025-08-15 12:00 ET and closed at 2.449 by 12:00 ET on 2025-08-16. The pair surged to a high of 2.466 and dropped to a low of 2.262 during the 24-hour period. Total volume reached 1,124,088.89 AXS, and notional turnover came to approximately $2.81M at an average price of $2.41.

Structure & Formations

The price of AXSUSDT exhibited a strong bullish trend on the 15-minute chart, forming a Bullish Engulfing pattern around 2025-08-16 08:00–09:00 ET and a Bullish Piercing formation following a pullback at 11:00–11:30 ET. A key resistance level at 2.40–2.42 was decisively broken through, with the price extending into a prior congestion zone around 2.45. A support level at 2.37–2.39 appears intact, having held on multiple pullbacks.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are in a steep bullish alignment, with the price running above both. On the daily chart (15-min resampled), the 50-period MA is rising, while the 200-period MA remains below the current price, indicating the move could be part of a larger bullish trend.

MACD & RSI

The MACD line crossed above the signal line early in the session, confirming a bullish signal, and has remained in positive territory with expanding histogram bars. RSI has climbed to 64–66 throughout the session, showing strong momentum but not yet entering overbought territory (above 70), suggesting the move may continue.

Bollinger Bands

Bollinger Bands have widened significantly in the afternoon and evening, particularly around 15:00–16:00 ET, when the price spiked from 2.429 to 2.466. The price closed near the upper band, indicating strong conviction and a potential continuation of the bullish trend.

Volume & Turnover

Volume spiked sharply during the 15:30–16:00 ET 15-minute interval, with over 112,408.89 AXS traded at the peak of the move. Turnover increased in line with price, confirming the strength of the bullish breakout. No clear divergence is observed between price and turnover, adding to the case for continuation.

Fibonacci Retracements

On the 15-minute chart, the rally from 2.262 to 2.466 shows the price has extended beyond the 161.8% Fibonacci extension level. The 61.8% and 78.6% retracements from the 2.27–2.30 consolidation have acted as dynamic support, further validating the bullish structure.

Looking ahead, AXSUSDT could test 2.46–2.50 as the next resistance cluster. However, a pullback to test the 2.37–2.39 support zone may occur before the next leg higher. Investors should remain cautious of a short-term correction if RSI climbs above 70 and a bearish divergence emerges.