AXS/USDT at Decision Zone: Trendline Break or Bearish?

On the 2-Day (2D) timeframe, AXS/USDT remains in a medium to long-term bearish trend. Since topping near the 10 USDT area, price has consistently formed lower highs and lower lows, confirming strong selling pressure. However, recent price action shows an aggressive rebound from the lower demand zone, bringing price back toward the descending trendline resistance.


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Pattern & Price Structure

Descending Trendline (Bearish Structure):
The yellow descending trendline has capped price action since late 2024, acting as the main dynamic resistance.

Bearish Continuation Structure:
The bearish structure remains valid as long as price fails to break and close decisively above the trendline.

Rebound from Demand / Base Formation:
Price bounced from the lower demand area (around 0.8–0.9), forming a short-term higher low, but this alone is not sufficient to confirm a major trend reversal.



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Key Levels

Resistance (Supply):

1.48 USDT → minor resistance & current reaction zone

2.13 USDT → key structural resistance

2.65 – 2.90 USDT → mid-range supply zone

3.43 – 4.45 USDT → major supply zone / previous distribution area


Support (Demand):

1.30 USDT → nearest support

0.87 – 0.75 USDT → strong demand zone & recent bounce area



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Bullish Scenario

The bullish scenario is only valid with proper confirmation, not just a temporary spike.

Price breaks above the descending trendline and closes firmly above 1.48 USDT

Further upside targets:

2.13 USDT

2.65 – 2.90 USDT


With strong momentum and volume, extended targets lie at:

3.43 – 4.45 USDT



Note:
Without a confirmed close above resistance, the current move still carries a high risk of a bull trap.


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Bearish Scenario

Bearish bias remains dominant as long as the descending trendline holds.

Rejection near 1.48 USDT / trendline

Price may revisit:

1.30 USDT

0.87 – 0.75 USDT


A breakdown below the lower demand zone would signal bearish continuation toward new lows.



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Conclusion

AXS/USDT is currently at a critical decision zone. The recent rebound is still considered corrective until price clearly breaks and holds above the long-term descending trendline. Traders should wait for clear breakout or rejection confirmation, as the risk of a fake breakout remains elevated.


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