$AXS has made a spectacular comeback, rising 36% in 24 hours to reclaim the crucial structure at $2.60. With trading volume surging by 150%, this move signals a decisive trend change rather than a random pump.
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🔹 Structural Change in Reclaim & Barriers
Buyers have aggressively pushed the price through the congestion zone with wide-bodied candles, turning the supply zone at $2.60 into immediate support.
The next major resistance is $3.00 (previous distribution zone).
A decisive break above $3.00 will open the door to $4.00. The MACD indicator expanding shows momentum is accelerating, not weakening.
🔸 Supply Shock & Leverage
Reserves on the exchange have significantly decreased by 24% during the price increase. Holders are withdrawing tokens to wallets, thinning out the liquidity of the selling side.
Open interest (OI) surged 41% to nearly $186 Million. Derivatives traders are confidently piling in, amplifying the trend.
🔹 This is not just a liquidity wick; it is a structural recovery supported by real volume and scarce supply.
Bulls must defend the $2.60 level in any correction to confirm the uptrend.
High leverage (OI $186M) means that if there is a failure at $3.00, volatility due to liquidation will occur very quickly.
Supply is scarce (reserves down 24%) and leverage is exploding (OI up 41%). Will you buy at the test level of $2.60, or wait for a breakout through the wall at $3.00?
News and research information from Trading Insight is for reference only and is not investment advice. Please read carefully before making a decision.
