- The RSI line shows a significant bearish divergence concerning the AXS token price
- The AXS/BTC pair was trading at 0.00218 BTC with a gain of 2.01%
- The 24hr trading volume in AXS token is $2.25 Billion, indicating a 469.6% hike
̥On October 4th, the AXS token made a new ATH of $155.8 and entered a short pullback to the $115. The token price obtained good support from this level, and displaying a morning star pattern to bounced back. the price has now again reached to this resistance area and still having t difficultly to close a daily candle above the $140 mark.
According to the EMA’s, the AXS token indicates a strong up trend as the price is trading above the crucial EMAs 20, 50, 100 and 200.
The RSI value is at 64, indicating a bullish sentiment in the token. Moreover, the RSI line has shown a considerable bearish divergence concerning the coin’s price action, suggesting weakness among the market buyers.
The AXS Token Trying To Sustain Above The $60 Mark
The AXS price action suggests a lucrative opportunity for the token to continues it rally. The chart shows a decent possibility of forming a rounding bottom pattern. The neckline for this pattern is $155.8 mark, and could provide a great entry opportunity once the price give a decisive breakout from this resistance.
The Super trend indicates a bullish trend in this lower time frame
The moving average convergence/divergence indicator (BEARISH) shows the signal and MACD lines have just crossover above the neutral area (0.00), indicating a switch to a bullish momentum.
Conclusion: From the technical view, the AXS token’s overall trend remains bullish. And even the RSI divergence cannot e completely ignored the price action again suggest a bullish pattern, if the price cross above the $155.8 resistance, the crypto trader could grab an excellent long opportunity.
Support– $115
Resistance– $141, 155.8