AXS/USD
Market Meditations | March 25, 2022
![](https://www.marketmeditations.io/wp-content/uploads/2022/04/https___bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com_public_images_f65f68f1-7564-4f5a-94e6-f31067dbb3ac_1600x713.webp)
Macro Structure: Not so dissimilar to Bitcoin. Sideways consolidation and recently reclaimed 100 Day Moving Average.
Key Support: $50.
Key Resistance: $80.
Looking Forward: If we were to break $80 then $100 is not out of the question. Every move to the upside faces the significant challenges of BTC experiencing sideways consolidation in a macro downtrend.