Market Overview for Axie Infinity/Tether (AXSUSDT)

Summary
• Price declined from 0.868 to 0.828 on 24-hour 5-min data, with multiple bearish reversals.
• Volume surged near 592801.65 at 15:30 ET, but price failed to hold key resistance at 0.828.
• RSI indicated oversold territory below 30 twice, but no strong reversal was confirmed.
• Volatility expanded significantly in the early morning before stabilizing ahead of the 24-hour close.
• 0.82–0.825 level appears strong support, while 0.84–0.85 acts as initial resistance.

Axie Infinity/Tether (AXSUSDT) opened at 0.856 on 2025-12-22 at 12:00 ET, peaked at 0.869, and closed at 0.828 on 2025-12-23 at 12:00 ET. Total 24-hour volume was approximately 592801.65, with turnover reaching 495,802.20.

Structure & Formations

Price moved lower over the 24-hour period, forming several bearish patterns, including a hanging man and a bearish engulfing pattern near 0.848. A notable doji appeared at 0.833, signaling indecision. Key support levels emerged at 0.82–0.825, which may hold if the trend continues.

Moving Averages

On the 5-min chart, price closed below both 20 and 50-period moving averages, confirming short-term bearish momentum. The daily chart shows a similar bearish bias as AXSUSDT remains under the 200-period MA.

MACD & RSI

The MACD trended lower, with bearish divergence apparent in the afternoon. RSI dropped below 30 twice—once at 0.83 and again at 0.826—but failed to generate a strong reversal signal. This suggests a weak oversold bounce, with momentum remaining on the downside.

Bollinger Bands

Volatility initially contracted during the early morning before expanding in the afternoon. By 15:30 ET, price broke below the lower band, a sign of increasing bearish pressure. The 0.82–0.825 zone appears to be a key consolidation area.

Volume & Turnover

Volume surged to 592801.65 at 15:30 ET, coinciding with a failed test of the 0.828 level. However, price and volume diverged, as the large volume failed to push price higher, suggesting weak buying interest.

Fibonacci Retracements

On the 5-min chart, price tested the 61.8% Fib level at 0.837 before retreating. The daily chart shows a larger swing from 0.858 to 0.81, with key levels at 0.834 (38.2%) and 0.824 (61.8%) offering potential for short-term consolidation or reversal.

Over the next 24 hours, AXSUSDT may attempt a test of the 0.82–0.825 support zone, with a possible bounce into the 0.83–0.835 range. However, a break below 0.82 could trigger further losses toward 0.815. Investors should monitor the 0.828 level for early signs of a potential reversal or continued downward drift.