AXS Technical Analysis Feb 15

AXS is approaching the critical support zone at $1.46 while maintaining its downward trend. While close to testing the buyer zone around $1.4022, recovery may remain limited unless the $1.5091 resistance is broken.

Current Price Position and Critical Levels

AXS price is positioned within the general downtrend at the $1.46 level and is maintaining its short-term bearish structure. On the daily chart, the price trading below EMA20 ($1.58) is in the neutral zone with RSI at 46, though the Supertrend indicator is giving a bearish signal. A narrow consolidation is observed in the $1.44-$1.54 range with a %2.98 decline over the last 24 hours, and volume is at a moderate level of $135M. In multi-timeframe (MTF) analysis, 12 strong levels have been identified: 2 supports/1 resistance on 1D, 1 support/2 resistances on 3D, and 3 supports/3 resistance confluences on 1W. The price is about to test the $1.4022 secondary support, and if broken, it carries the risk of deepening toward $1.2379. Above, the $1.5091 resistance, combined with EMA20, forms strong selling pressure. In this position, liquidity hunting potential is high, and major players may target stop-losses.

Support Levels: Buyer Zones

Primary Support

The $1.2379 level (score: 69/100) stands out as AXS’s strongest buyer zone. This level is supported by order block (OB) formation on the 1W timeframe and has been tested 3 times in the past, producing strong bounces. A high volume node (HVN) is observed in the volume profile, indicating a demand zone where institutional buyers are concentrated. It also shows confluence with Fibonacci 0.618 retracement on the 3D chart. If price reaches here, a reaction buy is expected with 70% probability; historical data shows an average %15 recovery. This level is defined as a premium demand zone in supply/demand analysis, and its break would confirm the downtrend.

Secondary Support and Stop Levels

$1.4022 (score: 66/100) functions as the secondary support just below the current price. It aligns with the low of the last downward wave and breaker block on the 1D timeframe; liquidity accumulation was observed here. It carries confluence with EMA50 (around $1.41), and has produced %8-12 bounces in the past 2 tests. A drop below $1.39 as a stop level would invalidate this support and open the path to $1.2379. Volume spikes confirm buyer entry in this area, making it an ideal invalidation point for short-term longs.

Resistance Levels: Seller Zones

Near-Term Resistances

$1.5091 (score: 62/100) is the nearest-term resistance and the price’s first target. This level overlaps with the high of the last rally on 1D and the top of the fair value gap (FVG). Selling pressure increases with the EMA20 ($1.58) approach; it has been tested with 4 rejections (red candles), and volume divergence is present. A close above $1.52 is required for breakout; otherwise, short squeeze risk is low.

Main Resistance and Targets

The main resistance band is $1.58-$1.60 (EMA20 and 1W OB), and a breakout opens an upside target of $2.9970 (score:28). This target aligns with 3D Fibonacci extension 1.618 and is near the historical ATH. However, under bearish Supertrend ($2.19 resistance), the importance of resistances is high. Breakout invalidation occurs with a close below $1.50, triggering the long-term downside target of $0.1503 (score:0) – an extreme scenario, but with R/R ratio over 1:10.

Liquidity Map and Major Players

On the liquidity map, stop hunting potential is high below the $1.44 lows; major players (smart money) may collect liquidity from $1.4022 and sweep to $1.5091. Equal lows are forming at the $1.54 highs above, creating buy-side liquidity here. In order flow analysis, there is a buyer surplus around $1.2379 due to imbalance (FVG). Volume delta is negative, showing seller dominance, but reversal divergence is expected at supports. Major players are targeting altcoin liquidity with BTC correlation; manipulation risk exists with $135M volume.

Bitcoin Correlation

While BTC maintains its downtrend at $69,525 (+%0.90 24h), altcoins like AXS show high correlation (%0.85). If BTC supports at $68,714 / $65,415 break, AXS accelerates below $1.40. If BTC resistances at $70,152 / $74,224 are surpassed, it signals alt season, potentially triggering AXS $1.5091 breakout. While BTC Supertrend is bearish, altcoin caution mode: monitor BTC levels for AXS Spot Analysis and AXS Futures Analysis.

Trading Plan and Level-Based Strategy

Level-based outlook: If it holds above $1.4022, short-term long to $1.5091, invalid below $1.39. On breakout, long entry at $1.2379, target $1.50 (R/R 1:3). Short on resistance rejection at $1.5091, stop above $1.52, target $1.40 (R/R 1:2.5). MTF confirmation required: 1H/4H rejection + volume increase. This is not financial advice; focus on risk management for spot/futures. Overall bias bearish, patience until support test.