Technical analysis by formula_capital about Symbol AVAX: Sell recommendation (9/19/2025)

AXS is stuck between floors and ceilings, grinding inside a tight rising wedge. While the macro picture looks juicy with the Fed turning on the liquidity taps, the on-chain data for AXS is telling a different story. We're seeing a classic setup where the chart looks bullish from afar, but the internals are weak. Our game plan is to watch for a breakdown. The bulls' line of defense is the wedge support around $33.50. A clean break below that level opens the door to our primary target zone, a liquidity magnet around $31.90-$30.50. This area is a major support cluster and a logical place for a healthy reset before the next leg. Heavy resistance sits at the recent high of $35.76. Patience is key here; we're waiting for the market to show its hand while the crowd gets chopped up. Don't be the exit liquidity for underwater holders looking to break even on this bounce. Smart money waits for confirmation.