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.
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