$AXS has decisively broken out of a long-term descending channel (indicated by the white trendlines), signaling a potential shift from a bearish to a bullish regime.

Current Action: After a massive vertical pump, the price is currently consolidating near the $1.85 – $1.90 zone. It is holding well above the breakout point, which has now flipped from resistance into a key support zone.

Volume & RSI: The surge was backed by a massive spike in trading volume, confirming "smart money" interest. However, the RSI is hovering in overbought territory, suggesting a brief cooling-off period or a "retest" of the $1.70 level before the next leg up.

Key Levels to Watch:

Support: $1.75 (Previous resistance flip)

Resistance: $2.11 and $2.25 (Psychological and Fibonacci targets)

Outlook: Bullish. As long as AXS holds above the $1.70 support, the path toward the $2.00+ range remains open. Traders should watch for a "bull flag" formation on the lower timeframes for a secondary entry.

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