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📊 Analysis: AXSUSDT (1d)

Price: 2.839 | EMA7: 2.57 | EMA25: 2.53 | RSI14: 62.13 | Resistance: 5.684 | Support: 2.098 | Average Volume: 1460551.99 | Volume Trend: Increasing

🤖 AI Insight

Based on the 1-day technical analysis of AXSUSDT:

- The current price of 2.839 is above the EMA7 (2.5696) and EMA25 (2.5271), indicating a short-term uptrend and a potential longer-term uptrend.
- The RSI14 of 62.13 is in the neutral zone (50-70), indicating a stable market with no extreme overbought or oversold conditions.
- The MACD is slightly negative (-0.0024), but the trend is already showing signs of a slight up-tick.
- Considering the resistance at 5.684 and the current price, it seems AXS is still far from breaking the resistance.
- The increasing volume trend supports the potential for a price increase.
- For a Long entry, wait for AXS to close above the EMA7 (2.5696) when the price is in an uptrend, which could be around 2.59-2.63 (long entry 1). Alternatively, consider buying closer to the EMA25 (2.5271) around 2.52-2.55 (long entry 2) for a riskier entry.
- For a Short entry, wait for the price to dip below the EMA25 (2.5271), which could be around 2.45 - 2.48 (short entry 1). Avoid shorting below the Support level of 2.098 (short entry 2).
- The best spot buy price would be around the EMA25 (2.5271), as it's a more stable support level.