Market Overview for Axie Infinity/Tether (AXSUSDT) — November 2, 2025

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• AXSUSDT traded between 1.414 and 1.489, with a 24-hour close of 1.431, down from the prior day’s close.
• Bullish momentum faded as the price declined in the final hours, with a negative close on the final candle.
• Volume spiked during the midday surge to 1.489 but declined sharply during the late session sell-off.
• Candlestick patterns such as a hanging man and bearish engulfing appeared in the late session, signaling potential exhaustion.
• Key resistance appears to be forming near 1.48–1.49, with immediate support at 1.43 and 1.42.

15-Minute Price Action

Axie Infinity/Tether (AXSUSDT) opened at 1.416 on November 1 and closed at 1.431 on November 2 at 12:00 ET. The pair reached a high of 1.489 during the early afternoon hours, followed by a sharp sell-off in the last 6 hours of the reporting window. The 24-hour volume was 243,806.11, with a notional turnover of $344,685.68. The price action reflects a strong attempt to break above 1.48–1.49, which failed due to lack of follow-through buying and a bearish reversal at the top.

Structures & Patterns

On the 15-minute chart, a bearish engulfing pattern formed at the peak (1.489), confirming a shift in sentiment. Earlier in the day, a bullish piercing pattern supported the break above 1.465, but the strength didn’t last. A hanging man appeared near 1.475 in the early evening, reinforcing bearish signals. Key support levels to watch are 1.43 (61.8% Fib retracement from 1.489) and 1.42 (38.2%), while resistance remains at 1.48–1.49.

Moving Averages and Bollinger Bands

The price spent much of the session above the 20-period and 50-period moving averages on the 15-minute chart, suggesting a bullish trend in the short term. However, late selling pressure pushed the price back below both, potentially ending the short-term bullish momentum. Bollinger Bands expanded during the midday rally, with the price reaching the +2.5σ level at 1.489 before reversing. The late sell-off brought the price back into the central band, indicating a potential return to consolidation.

Momentum and RSI Implications

Though RSI data wasn’t available, the price action suggests the asset likely reached overbought conditions around the 1.489 peak. A strong bearish reversal followed, indicating that RSI may have topped out and turned downward. This would suggest a possible short-term reversal and a return to the mid-range (around 1.44–1.45). The RSI divergence from price is a key area to monitor for potential confirmation of a bearish trend.

Backtest Hypothesis

Given the lack of readily available RSI data for AXSUSDT, a backtesting strategy based on overbought conditions would require either local RSI calculation or manual input of overbought dates. If RSI > 70 is used as a sell signal and RSI < 30 as a buy signal, a possible entry could have occurred on the morning rise above 1.46, with an exit triggered by the bearish engulfing pattern near 1.489. For the next 24 hours, a retest of the 1.43–1.44 range could offer a new setup for short-term trades.

Forward Outlook and Risk

Looking ahead, AXSUSDT may test its support at 1.43, where a bullish rebound or continuation of the sell-off could be confirmed. A move below 1.43 would likely trigger a larger sell-off, potentially targeting 1.41–1.42. Conversely, a recovery above 1.45 could indicate stabilization and potential consolidation. Investors should monitor for a breakout or breakdown in the near term, with a cautious eye on volatility and volume patterns.