Since November 2021, we have seen most cryptos and altcoins, even Bitcoin concede downtrend movements.. Price has continued to move to the downside here on AXS, but the support level at $50 has been holding strong so far.. We've seen price bounce multiple times from this key level.
Would we see a bullish rally? Well, we might want to wait for uptrend structures to confirm a bullish rally. But we must understand that "buying the dip" is important at this time. The all-time high is priced around $163, so picking up AXSUSDT here at $50-$60 is really reallyyyyyy cheap, basically at a discounted price.. I'm long on AXS. I'll be waiting for a new ATH.