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

Summary
• Price action shows consolidation near 0.908–0.912 with bullish reversal signs emerging after a pullback.
• RSI and MACD hint at moderate bullish momentum, though not yet overbought.
• Volume and turnover increased significantly in the final hours, supporting recent higher closes.
• Bollinger Bands narrowed earlier, suggesting potential for a breakout or retest of key levels.
• A bearish engulfing pattern and doji appear near 0.903 and 0.908, hinting at potential reversal risks.

Axie Infinity/Tether (AXSUSDT) opened at 0.906 on January 3, 2026, reached a high of 0.982, a low of 0.903, and closed at 0.982 as of 12:00 ET on January 4. The 24-hour volume was 741,461.46 and turnover totaled 699,076.19.

Structure & Formations

AXSUSDT traded within a defined range between 0.903 and 0.913 for most of the day, before surging in the final hours to reach 0.982. A bearish engulfing pattern formed at 0.903 and a doji at 0.908 signaled indecision. In the last 5 hours, a strong upward move emerged, forming a potential bullish flag.

Moving Averages

On the 5-minute chart, the 20 and 50-period moving averages were closely aligned, suggesting a flat bias earlier in the day. By the close, the price broke above the 50-period line. On the daily chart, no long-term moving average data is available in the provided dataset.

MACD & RSI

MACD crossed above zero during the late session, confirming bullish momentum. The RSI moved from neutral to overbought territory near the close, suggesting potential for a pullback. However, the RSI has not yet entered overbought conditions.

Bollinger Bands

Volatility was low in the early morning, with Bollinger Bands contracting. Price remained near the middle band, indicating consolidation. As the market surged in the afternoon, volatility expanded and the price moved closer to the upper band, signaling increasing bullish pressure.

Volume & Turnover

Volume increased significantly in the final 4 hours, especially after 16:00 ET, supporting the upward trend. Turnover also spiked as price broke out above 0.95. However, no divergence between price and volume was observed, suggesting the move may have strong underlying conviction.

Fibonacci Retracements

On the 5-minute chart, the 61.8% Fibonacci retracement level from 0.903 to 0.913 was near 0.908, where a doji formed. In the broader daily move, the 38.2% retracement level appears near 0.955, which may serve as a potential target for further upward movement.

The strong closing surge and increasing volume suggest AXSUSDT may consolidate near 0.982 in the next 24 hours before testing the next psychological level. Investors should remain cautious of potential pullbacks if the RSI enters overbought territory.