Market Overview: Axie Infinity/Tether (AXSUSDT) – 24-Hour Price Surge Amid Strong Volume

Summary
• Price surged past key resistance, closing at 1.354 with a 32.4% gain from 12:00 ET−1.
• Volume spiked in early ET, confirming bullish momentum, while RSI approached overbought territory.
• Bollinger Bands expanded during the rally, indicating rising volatility and strong conviction.

24-Hour Performance

Axie Infinity/Tether (AXSUSDT) opened at 1.03 at 12:00 ET−1 and closed at 1.354 by 12:00 ET, with a high of 1.387 and a low of 1.025. Total volume reached 20,324,116.19 and turnover amounted to 25,806,969.96.

Structure and Momentum

The price moved through multiple key resistance levels, including the 1.25–1.30 cluster and a critical 1.327 level. A bullish engulfing pattern at the 1.31–1.34 level confirmed the shift in sentiment. The RSI surged toward 72, indicating overbought conditions and potential for a consolidation phase.

Volatility and Volume

Bollinger Bands widened significantly during the 24-hour period, especially in the early ET hours, as volume surged to over 1.1M at 06:00 ET. Notional turnover followed closely with the price action, reinforcing the bullish conviction. Divergences between price and volume were minimal, suggesting strong participation across the trading day.

Trend and Retracements

A major 5-minute swing from 1.03 to 1.387 shows a Fibonacci retracement of 61.8% at 1.303 and 38.2% at 1.228. Price appears to have tested the 61.8% level and moved beyond it, suggesting a continuation phase if buyers hold above 1.303.

Forward Outlook and Risk

Price may consolidate near the 1.35–1.37 range in the next 24 hours before attempting a test of the 1.40 level. A pullback to the 1.28–1.30 zone could offer a reentry point, but a failure to hold above 1.25 would signal renewed risk of a reversal. Investors should monitor volume during any pullback to assess strength.