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Axie Infinity Price Analysis: AXS Coin May Frame New Higher Highs

  • The AXS coin price is favourable, around 8.2%, during the intraday trading session.
  • The 24-hour trading volume is at $773 million.
  • AXS/BTC pair is trading positive by 5.9% at 0.00175803 BTC.

Daily technical chart and price trend of AXS coin show a bearish trend. Based on the pivot level, the first support zone is 45.0 USDT. From another perspective, if it rushes, the resistance level to watch is 90.0 USDT. Thus, the graph made a bullish engulfing candle pattern during the day, and the cost is relied upon to remain upside with unwavering high force.

The Moving Average Exponential (EMA) Ribbon, comprising of different Ema’s, goes about as solid support in the coin price move. Investors might notice the cost moves above the green ribbon and 200-EMA, so it will guarantee an upswing in AXS until it’s above the ribbon.

Trading volume (1.833 M) is above the 20-day moving average (1.673 M). To put it plainly, the volume is high, making the cost move around the resistance levels. Investors can likewise check that the volume bars on the graph are slanting, which demonstrates that exceptional instability is normal in the following trading days.

The RSI indicator gave a signal (bullish) with 62, projecting a purchase signal in the currency. Investors can observe an inclined slope from 32 to 62. It can arise in future trading sessions.

AXS Coin Price Tends to be Positive with the Oscillators Confirmation

Axie Infinity price today is $75.94 with a 24-hour exchanging volume of $773,878,156. AXS cost is up 8.2% as of now. It has a circling supply of 58 Million AXS coins and an all-out supply of 270 Million. The RSI points to a buying indication, and the traders have prompted high volume. In fact, the cost moves at the resistance level. In like manner, with the general market perspective, the pattern stays bullish for coming trading days.

Resistance Level: $90.0

Support Level: $45.0

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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.