AXS/USDT Breaks Long-Term Bearish Trend, Potential 200% Upside
- Trend Reversal Signal: AXS/USDT has broken out of a long-term bearish channel in 2024, with strong bullish candles and increased volume suggesting a potential shift in market sentiment, indicating a possible trend reversal.
- Key Support Level Testing: Following the breakout, AXS/USDT is testing a critical support zone of 1.80–2.00 USDT, and if the price can hold above this level, it may continue to rise, targeting a price range of 3.00–3.10 USDT, representing a potential increase of over 200%.
- Market Sentiment and Buying Momentum: The surge in AXS/USDT is driven by aggressive buying, reflecting FOMO sentiment, although after hitting resistance at 2.26 USDT, price action has slowed and consolidation has begun, indicating indecision in the market.
- Importance of Consolidation Phase: The current consolidation phase is crucial, as smaller candles and lower volume suggest participants are digesting the rapid price increase, which will determine whether the price can break out again or pull back into a range.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for FOMO
Technical Sentiment Analysis for FOMO (fomo.fund) (FOMO) As of , FOMO (fomo.fund) (FOMO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FOMO stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, FOMO is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
FOMO (fomo.fund) (FOMO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000139 | 0.000003 | 0.00000479 | 0.0000064 | 0.00000819 | 0.0000098 | 0.0000116 |
| Fibonacci | 0.000003 | 0.0000043 | 0.0000051 | 0.0000064 | 0.0000077 | 0.0000085 | 0.0000098 |
About FOMO
About the author
