AXS Technical Analysis in Weekly Timeframe

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Now, let’s dive into this chart analysis:

AXS has been in a downtrend since it hit its all-time high back in November 2021. The price failed to rise to its potential level and is currently close to its support level.

AXS is expected to hold this support level, which ranges between $3.3 and $4.5. If the market favors it, the price is expected to rebound and rally, breaking above the resistance trendline.

Key levels:

- Important Support: $3.3-$4.5.
- Resistance: $6.6.
- Targets: $12.5, $18.8, $36, $66.5.
- Invalidation Point: A close below $3.3 support level.

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