Market Overview for Axie Infinity (AXSUSDT) – 24-Hour Analysis (2025-08-10)

• Axie Infinity (AXSUSDT) broke above key resistance at $2.55, closing near $2.52 after a volatile 24-hour session.
• Strong volume-driven rally into midday was followed by a pullback, suggesting potential consolidation.
• RSI and MACD signaled overbought conditions early, followed by bearish divergence in the latter half.
• Bollinger Bands widened during the rally, indicating rising volatility.
• Fibonacci retracement levels highlight $2.52 as a probable near-term support and $2.56 as the next resistance.

Axie Infinity (AXSUSDT) opened at $2.512 on 2025-08-09 12:00 ET, reached a high of $2.594, and closed at $2.513 by 2025-08-10 12:00 ET. Total 24-hour volume was ~494,961.93 AXS, with a notional turnover of ~$1,251,905. The price action shows a distinct rally mid-day followed by a retracement toward the session low.

Structure and Formations

The price action formed a clear bullish breakout above $2.55, followed by a pullback that created a potential bearish engulfing pattern near $2.53–$2.54. A doji near $2.532–$2.533 also suggests indecision. Key support levels were identified at $2.52 and $2.50, with resistance at $2.56 and $2.58. The retracement from the high of $2.594 to the close at $2.513 aligns with the 61.8% Fibonacci level, indicating a possible near-term bottoming pattern.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs both trended upward during the morning rally, reinforcing the bullish momentum. However, by midday, the price fell below both, indicating bearish pressure. On the daily chart, the 50-period SMA sits at ~$2.49, the 100-period at ~$2.45, and the 200-period at ~$2.43. The current price of $2.513 is above all three, suggesting a medium-term bullish trend remains intact.

MACD and RSI

The MACD line turned negative by the afternoon, confirming bearish momentum after the initial rally. RSI, which had spiked into overbought territory above 70 early in the session, dropped sharply to the 50–55 range, signaling a shift in sentiment. A bearish divergence between the RSI and price action during the afternoon pullback raises concerns about a deeper correction.

Bollinger Bands

Bollinger Bands widened significantly during the midday surge, with price reaching the upper band at $2.594. As the price retreated, it tested the lower band near $2.485–$2.486 before bouncing back. The bands currently show a moderate contraction, suggesting that volatility may stabilize but could expand again with further momentum.

Volume and Turnover

Volume spiked during the rally from $2.55–$2.59, with a high of 107,877.05 AXS traded in a single 15-minute window. However, volume during the retracement was relatively lower, signaling possible lack of follow-through buying. Total turnover of ~$1.25M shows moderate liquidity, with no signs of wash trading or abnormal concentration. Price and turnover aligned well during the initial move, but diverged during the pullback, suggesting weakening conviction.

Forward Outlook and Risk Consideration

The market appears to be in a consolidation phase, with $2.52–$2.53 offering near-term support and $2.56–$2.58 as the next key resistance. If the price breaks below $2.50, a deeper correction toward $2.48–$2.46 could follow. Traders should remain cautious of overbought/oversold extremes and watch for divergence in momentum indicators.