- The AXS token price holds above the EMA-21 during intraday.
- The 24-hour trading volume is at $797 million.
- AXS/BTC pair is trading negative by -0.5% at 0.00194169 BTC.
On the daily price chart of AXS token, Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, Acts as reliable support in the token price movement. Investors may observe the price moves above the yellow line, so until the price resides above all the EMA’s, it will assure an uptrend in Axie Infinity.
Trading volume (322.865 K) is below the 20-day moving average (2.377 M). The volume is low, so the cost is struggling. Investors may also notice that the volume bar on the chart decreases. This indicates that unusual volatility is common on the following trading days.
AXS Token Price Reaches Supply Zone
AXS token daily price charts show a positive trend. Based on the price action, the supply zone is located at 125- 140 USDT. On the other hand, the demand zone to look for is 65- 75 USDT. Therefore, the chart shows a bullish harami candlestick pattern during the day.
The RSI indicator gave a signal (bearish) with 56, projecting a sell signal in the currency for the short-term. Investors can observe a declined slope from 82 to 56 on the index. It can plunge in future trading sessions.
The MACD indicator gives (bearish) cross over the signal line on October 11, demonstrating a sell signal in the token. Additionally, Investors can see huge red bars on the Histogram index.
Conclusion
The Axie Infinity is currently trading at $122.92 with a 24-hour trading volume of $797,437,974. AXS prices have fallen by -3.5% in the last 24 hours. 61 million AXS tokens are in circulation and the total supply is 270 million.
The RSI shows and MACD points to a sell sign. The traders have prompted low volume. In fact, the cost has reached the supply zone. Likewise, the general market outlook is that this pattern will continue to plunge over the next few trading days.
Resistance Level: $125- $140
Support Level: $65- $75