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Axie Infinity Price Analysis: AXS Coin Maintains The Bullish Momentum

  • The AXS coin price jumps from the 55-EMA during intraday.
  • The 24-hour trading volume is at $778 million.
  • AXS/BTC pair is trading positive by 2.1% at 0.00241949 BTC.

Moving Average (EMA) In the AXS coin daily price chart containing 8,13,21,55 EMA, it is a reliable support for currency price movements. Investors can find that price above the yellow line on the daily timeframe. It will guarantee an AXS uptrend as long as prices are above the moving average.

The volume (326.669 K) is below the 20-day moving average (958.124 K). The volume is moderate, so the cost is above the 55-EMA for several days. Investors may also mark a decrease in volume. This indicates that unusual changes are expected on the following trading days.

AXS Coin Price Action Can Give a Breakout From The Resistance

The daily price chart of the AXS coin bounces above the support zone. Depending on the price action, the support area is within $65 & $80. On the flip side, the resistance range to look for is around $150 & $170

The RSI showed a signal of 52 (bullish) with a short-term buy sign. Investors may find that the indicator’s RSI line is running upside. A surge can happen on future trading days.

The MACD can show a (bullish) cross above the signal line in future trading sessions, indicating a buy signal for the currency. In addition, investors can see the ending of red bars in the histogram indicator.

Conclusion

Axie Infinity’s price today is $139.51, with a 24-hour trading volume of $778,838,469. AXS price is up 4.0% in the last 24 hours. It has a circulating supply of 66 Million AXS coins and a total supply of 270 Million.

RSI and MACD indicate a buy signal. Traders have directed moderate volume. In fact, the cost moves around the resistance zone. A market overview also shows that this pattern will continue to surge in the coming trading days.

Resistance Level: $150 & $170

Support Level: $65 & $80

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.