AXS/USDT Breaks Bearish Channel, Targets 200% Upside

AXS/USDT has broken out of a long-term bearish channel, signaling a potential trend reversal. The asset surged with strong volume, testing key support levels around 1.80–2.00 USDT. This breakout, marked by a sharp rally, suggests a shift in market sentiment, with traders eyeing a potential upside target of 3.00–3.10 USDT, representing a possible 200% increase from recent lows.

The recent surge saw AXS/USDT reclaim the $2 mark, driven by aggressive buying and a 65% price increase in a single day. However, after encountering resistance at 2.26 USDT, the market entered a consolidation phase, with smaller candles and lower volume indicating indecision. The ability to maintain support above 1.80–2.00 USDT will be crucial for sustaining the upward momentum.