$AXS Holding Support, Potential Bounce Ahead ๐
If $AXS can hold above the support level of 0.8610 and the SMA25 continues to act as a ceiling, we may see a bounce towards the resistance level of 1.32, given the oversold condition and the bullish 10-bar trend
Technical check:
โ Oversold condition with price 8.3% below SMA25 ๐โ Bullish 10-bar trend ๐โ Potential bounce off support level of 0.8610
โ ๏ธ A break below the support level of 0.8610 would invalidate the bullish scenario and potentially lead to further downsideโฆ
#MarketAnalysis #CryptoInsights #TechnicalAnalysis
If $AXS can hold above the support level of 0.8610 and the SMA25 continues to act as a ceiling, we may see a bounce towards the resistance level of 1.32, given the oversold condition and the bullish 10-bar trend
Technical check:
โ Oversold condition with price 8.3% below SMA25 ๐โ Bullish 10-bar trend ๐โ Potential bounce off support level of 0.8610
โ ๏ธ A break below the support level of 0.8610 would invalidate the bullish scenario and potentially lead to further downsideโฆ
#MarketAnalysis #CryptoInsights #TechnicalAnalysis