Critical $8.5 Resistance
AXS is moving along its upward trend line, approaching a key resistance level at $8.5. Traders should monitor the price action closely as a break above could continue the upward trend, while failure may result in a correction.
5/26/20241 min read
AXS is currently moving along its upward trend line, which serves as strong support. It is gradually approaching a key resistance level around the $8.5 mark. Traders should pay close attention to the price action as it nears this resistance. A successful break above this level could lead to a continuation of the upward trend, while failure to break through may result in a price correction. Careful monitoring of the price behavior around this resistance level is crucial for making informed trading decisions.