Welcome to cryptosafari. Today we will discuss about AXS price prediction.
📌#AXS failed to break through the resistance level of $8.400-$8.700 as expected. The resistance area remained intact, invalidating the bullish scenario. The price exited the small ascending channel formed in the 4-hour time frame, dropping to the support level of $6.300-$6.500.
For #AXS to resume its upward movement and challenge the resistance again, a rebound from this support level is necessary. Given its history of bouncing from critical demand levels, there is a possibility that #AXS could replicate this behavior and move upwards. However, a breakdown below the demand area would negate the bullish outlook and potentially lead to further declines 📊
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