Technical analysis by AliferCrypto about Symbol AXS on 5/14/2025

After retesting the ~$2.0 demand zone, AXSUSDT broke out of its recent downtrend and could be headed for an attempt to reclaim the ~$4.0 S/R.Key Levels to Watch• ~$2.0: Demand zone dating back to May 2021, and current support. Any sustained break below it would invalidate any bullish TA.• ~$4.0: Previous multi-year key support, and likely a strong resistance. Reclaiming it would flip the bias to bullish. It also aligns with the 200-day EMA, which has been very relevant for AXS in the past.• ~$13.0: Multi-year S/R, and a reasonable target if ~$4.0 is reclaimed.Still in a No-Trade Zone for me, until ~$4.0 is successfully reclaimed.