Market Overview for Axie Infinity/Tether (AXSUSDT)

Summary
• Price declined 9.0% over 24 hours, breaking key support near 1.000 and testing 0.975.
• High volume observed during sharp selloffs in early and late ET hours.
• RSI and MACD indicate bearish momentum with no signs of reversal.
• Volatility remains elevated with Bollinger Bands stretched wide.
• A potential short-term bottom may form near 0.970–0.975 Fibonacci level.

Axie Infinity/Tether (AXSUSDT) opened at 1.013 on 2025-12-13 12:00 ET, reached a high of 1.014, touched a low of 0.974, and closed at 0.984 on 2025-12-14 12:00 ET. Total volume was approximately 518,786.5 and turnover reached $485,123. The pair has shown a consistent bearish bias, with price failing to reclaim key resistance levels.

Structure & Formations

Price action formed a bearish continuation pattern, with several long lower wicks indicating rejection of higher levels. Key support levels were identified at 1.000, 0.995, and 0.975. A bearish engulfing pattern emerged during the 5:00–5:15 ET window as price dropped below 1.000.

A potential short-term base may form at the 0.975 level, aligning with 61.8% Fibonacci retracement.

Moving Averages and Momentum

On the 5-minute chart, the 20- and 50-period moving averages remained bearishly aligned, with price below both. The daily chart shows the 50- and 200-period EMAs pulling further apart, indicating a deepening bearish trend. RSI fell below 30 into oversold territory, while MACD remained in negative territory with a bearish crossover in place, suggesting continued downward bias.

Volatility and Bollinger Bands

Volatility was significantly elevated, with Bollinger Bands expanding from 0.002 to over 0.012 in width. Price action spent the majority of the session below the 20-period lower band, confirming the bearish move. A narrowing of bands and a consolidation phase could signal a potential reversal, but current momentum favors further downside.

Volume and Turnover

Volume spiked during early and late ET hours, coinciding with sharp price declines. Notable volume surges occurred during the 12:45–13:00 ET and 14:45–15:00 ET windows, indicating increased participation during key breakdowns. Turnover closely tracked these volume surges, confirming the strength of the sell-off rather than indicating divergence.

Looking ahead, AXSUSDT may test 0.970–0.975 as a potential near-term base, but bears remain in control. Investors should closely monitor volume behavior near these levels for signs of a reversal or continuation. As always, sudden news events could trigger volatility, so caution is advised.