- AXS Token price action projects a bullish reversal with increased momentum.
- The 50-days EMA provide support to the rising prices.
- The pair AXS/BTC is trading at 0.0.00175 BTC with an intraday gain of +10.02%.
AXS coin price action forms continuous bullish engulfing candlesticks in the daily technical chart, indicating increased buying pressure. Moreover, the price has managed to rise above the $70 mark as the buying pressure increases.
The rise in buying pressure is evident by the growth of intraday volume above the 20-days volume MA. In Addition, the daily EMAs rise higher in a bullish alignment, projecting a bullish rally.
The Token price trades at $73.61, increasing +11.20% in market capitalization over the past day, suggesting that the price is in a bull run.
Axie inifity’s intraday trading volume has risen by 70% due to the increasing buying pressure.
AXS Token’s Rising Uptrend With Golden Crossover
AXS token price grows in a solid bullish uptrend as the price breaks above the $70 mark. However, investors may find the dip in price action to the support trendline as a lucrative entry spot with minimum risk.
As per price action, the demand levels for the token are present at $70 and $65 marks. If the bullish trend continues from either support level, bulls may find resistance at $85 or $100.
The EMAs in the 4-hour technical chart soar more potent with a high possibility of a golden crossover due to the rise with a positive slope. This can hold the prices in a bullish attack. Moreover, the incline in volume in the chart indicates a solid bull run.
The RSI indicator precludes a surge in underlying bullish inclinations as to the slope of RSI spikes higher.
The ADX indicator intends an advance in trend momentum.
Conclusion – The AXS token price rises higher with the assistance of the bullish exponential moving averages. Investors may confront entry points near the drops on the 20-period EMA. The coin price may shortly outreach the $100 mark if the $85 mark breaks.
Support – $70 and $65
Resistance – $85 and $100