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Summary
• Price opened at $1.094 and surged to a high of $1.135 before retreating to $1.024 near 24-hour close.
• Strong volume spikes occurred during the $1.09–$1.13 range, indicating accumulation or distribution activity.
• RSI signaled overbought conditions near $1.13, followed by bearish momentum reversal.
• Bollinger Bands showed moderate expansion during the rally, narrowing at the close as volatility eased.
• A potential 50% Fibonacci retracement level at $1.096 may offer near-term support or resistance.
Axie Infinity/Tether (AXSUSDT) opened at $1.094 on 2025-12-10 12:00 ET, hitting a high of $1.135 before closing at $1.024 on 2025-12-11 12:00 ET. The 24-hour range spanned $1.024 to $1.135, with total trading volume of 837,467.21 AXS and notional turnover of $869,695.54.
Structure & Moving Averages
The price formed a distinct bullish impulse wave from $1.094 to $1.135, followed by a sharp correction. Key support appears near $1.096 (50% retracement), while resistance may hold at $1.108–$1.112. The 20-period and 50-period moving averages on the 5-minute chart shifted downward during the close, suggesting bearish bias.
Momentum and Volatility
Relative Strength Index (RSI) climbed into overbought territory during the $1.12–$1.135 rally, followed by a bearish crossover below 50. MACD confirmed bearish momentum with a negative histogram. Volatility expanded during the $1.09–$1.135 range, with Bollinger Bands narrowing at the close, signaling potential consolidation.
Volume and Divergence
The most notable volume spikes occurred at $1.10–$1.13, where large buyers or sellers were likely active.

Forward Outlook
AXSUSDT appears to be consolidating near the $1.024–$1.034 range, with potential for a short-term bounce toward $1.035–$1.045. However, a retest of $1.018–$1.02 may challenge bulls if downward momentum intensifies. Investors should remain cautious of potential volatility spikes and widening spreads.
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