AXS/USDT The trend is still Bullish. Ready to continue Upward ??

💎 AXS is currently showcasing a rebound from a key support zone, aligning with a bullish trendline. The prevailing market trend for AXS remains robustly bullish, evidenced by the consistent formation of higher lows and higher highs on the chart, which are classical indicators of a bullish trend.

💎 If this retesting phase proves successful, AXS is poised to extend its upward journey, with the supply area being the immediate target. A decisive breakout above this supply zone probability could pave the way for AXS to reach the strong resistance area, which is set as our next target.

💎 However, should AXS retreat to the support zone and breach below it, the scenario could take a bearish turn. Breaking down the support would not only signify a failure to sustain the bullish momentum but also indicate a potential trend reversal. In such a case, AXS might be steered towards a downward trajectory, with the demand area becoming the next critical focus.

💎 The demand zone thus emerges as a pivotal area for AXS. For the asset to resume its upward trend, a strong rebound from this level is essential, coupled with a successful reclamation of the resistance zone. Failure to achieve this bounce-back could lead AXS to persist in its downward movement, potentially heading towards the significant support level at around $4.1.

💎 Investors and traders should keep a close watch on AXS's response to these crucial support and resistance levels. The asset's behavior at these junctures will be instrumental in determining its short-term price action. Stay alert to these market developments to effectively adapt investment strategies.