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

Summary
• Price fluctuated between $0.948 and $0.976 amid uneven volume distribution.
• A bearish engulfing pattern formed near $0.966, signaling short-term bearish momentum.
• RSI dipped into oversold territory at 30, while MACD showed weak bullish divergence.
• Volatility expanded around 20:00–22:00 ET with high volume and large-range candles.
• Fibonacci support at 0.958 and resistance at 0.972 defined key intraday levels.

Axie Infinity/Tether (AXSUSDT) opened at $0.966 on 2026-01-10 12:00 ET, reached a high of $0.976, a low of $0.948, and closed at $0.966 as of 2026-01-11 12:00 ET. Total volume was 500,356.42 AXS, and notional turnover amounted to $475,219.99 over the 24-hour window.

Structure & Key Levels

The price action formed a distinct bearish engulfing pattern near $0.966, signaling potential short-term weakness. A key support level emerged at $0.958, tested twice in the early morning hours, and held firm. Resistance at $0.972 was briefly breached during a strong volume-driven rally around 20:00 ET but failed to hold, reflecting uncertain bullish momentum.

Technical Indicators

MACD showed a weak bullish crossover in the afternoon, but the positive divergence was not confirmed by price, as the rally stalled near $0.972. RSI dropped to oversold levels below 30 around $0.950, suggesting potential for a rebound, though bearish pressure continued to dominate late in the session. Bollinger Bands widened during the afternoon, reflecting increased volatility, with prices hovering close to the upper band during the $0.972 peak.

Volume and Turnover

Volume spiked significantly during the early evening (20:00–22:00 ET) with large-range candles, but price failed to sustain the rally. This volume expansion coincided with a sharp rise in turnover, indicating active participation during the $0.966–$0.976 range. In contrast, volume during the early morning decline was relatively muted, suggesting a lack of bearish conviction.

Outlook and Risk

The market appears to be consolidating around $0.960–$0.965, with key levels at 0.958 and 0.972 likely to play a defining role in the next 24 hours. A break below $0.958 could trigger further downward extension, while a sustained move above $0.972 may re-ignite bullish momentum. Investors should remain cautious as the RSI suggests a potential rebound is possible but not guaranteed.