AXS/USDT Price Surge: Testing Key Resistance Level
$AXS

Moving Average (MA 200):
The price is trading above the 200 SMA at $4.886, signaling strong bullish momentum. The price recently surged past this moving average, which acted as support in the past, indicating that the bulls have taken control.

VWAP:
The VWAP is positioned at $5.348, with the price currently trading above this level. This further supports the bullish scenario as the price holds above VWAP, showing sustained buying pressure.

RSI:
The RSI is currently at 72.02, indicating that the asset has entered overbought territory. While the momentum is strong, this could signal a potential pullback or consolidation in the short term if the price continues to climb without any correction.

MACD:
The MACD is showing clear bullish momentum, with the MACD line at 0.142 above the signal line at 0.126. The positive histogram bars also support the continuation of the uptrend, and no signs of bearish divergence are currently visible.

Bullish Scenario:
If the price sustains above the $5.30-$5.50 resistance zone, the next target could be around $6.00. A continuation of the positive RSI and MACD trend would support this scenario, alongside increasing volume.

Bearish Scenario:
If the price faces rejection near $5.50 and drops below $5.00, a retest of the 200 SMA at $4.886 could follow. A bearish crossover on the MACD and a decline in the RSI could signal a short-term correction.

Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult with a financial advisor before making any investment decisions.