Market Overview: Axie Infinity (AXSUSDT) 24-Hour Summary

• AXSUSDT fell 9.5% in 24h, breaking below 2.40 after a sharp selloff in early ET.
• Volume surged over $500k during the 19:45–20:00 ET 15-min candle, signaling large-scale selling.
• RSI hit 28, suggesting oversold conditions, while price remains near a key support at 2.30–2.32.
• Bollinger Bands widened significantly in the afternoon, indicating rising volatility and potential for a reversal.
• Large bearish engulfing patterns formed during 19:45–20:00 and 00:45–01:00 ET, signaling strong bear momentum.

At 12:00 ET on 2025-08-24, Axie Infinity (AXSUSDT) opened at $2.403, hit a high of $2.517, a low of $2.276, and closed at $2.310 by 12:00 ET on 2025-08-25. Total volume was 938,725.84, and total turnover reached $2.23 million over the 24-hour window.

Structure & Formations

The 15-minute chart reveals a strong bearish bias after the 19:45 ET candle, where AXSUSDT broke down below 2.40 and entered a steep downtrend. A large bearish engulfing pattern formed during this candle, followed by a doji at 00:45 ET, indicating indecision after a sharp drop. A potential support level is forming around 2.30–2.32, where the price has found a temporary floor in the last 3 hours. Resistance levels are now at 2.36, 2.40, and 2.44.

Moving Averages

On the 15-minute chart, the 20-period and 50-period EMAs have been bearishly aligned since the 20:00 ET candle, reinforcing the downtrend. On the daily chart, the 50-period and 100-period SMAs have crossed bearishly, with the 200-period SMA acting as a strong resistance at ~2.46–2.48.

MACD & RSI

The MACD line turned negative at 19:30 ET, with a bearish crossover occurring shortly thereafter. The histogram has remained below the signal line for most of the day, reinforcing bearish momentum. The RSI is now at 28, signaling oversold conditions, which could prompt a short-term rebound or a continuation of the sell-off if sellers remain active.

Bollinger Bands

Volatility spiked in the afternoon as the Bollinger Bands expanded to their widest range of the 24-hour period. Price has since moved closer to the lower band, suggesting exhaustion in the sell-off. A retest of the upper band (~2.43) is unlikely unless there’s a sharp reversal in sentiment or a major news catalyst.

Volume & Turnover

Volume surged during the 19:45–20:00 ET candle, with over $500k in turnover and a large bearish move from 2.46 to 2.42. This suggests large orders or market makers liquidating positions. A divergence appears at 01:15–02:00 ET, where the price recovered slightly but volume did not confirm the move. This hints at weak conviction in the near-term rebound.

Fibonacci Retracements

Applying Fibonacci to the recent 2.276–2.336 swing, key levels are at 38.2% (~2.317) and 61.8% (~2.296). Price is currently hovering near the 38.2% level and may test this area for consolidation. A break below 2.296 could accelerate the downtrend toward 2.26 and beyond.

Looking ahead, AXSUSDT may consolidate near 2.30–2.32 before a potential bounce or further correction. Investors should watch for a sustained close above 2.36 as a potential short-term reversal signal, but bearish momentum and low RSI readings could prolong the current downward trajectory. As always, be mindful of macro risks and news from the broader crypto market.