AXS formed a historical high of $94.67 on September 4. From there, the token began to decline along the downward resistance line. This brought it to a low of $48.1 on September 21.
? However, the price then managed to make a vigorous rebound and break this downward resistance line the next day. Subsequently, the market also recovered above the $63.50 area and turned it into support.
? The bullish breakout is also supported by the dynamics of MACD and RSI indicators – both are rising.
? If AXS rate manages to break above $71.5 resistance area, the market will be able to launch aggressive growth phase.