- AXS Token price action indicates a higher high formation in the daily chart.
- The extreme buying pressure is evident by the rise in intraday trading volume above the 20-days EMA.
- The pair AXS/BTC is trading at 0.002995 BTC with an intraday gain of +19.91%.
AXS Coin price action forms a bullish engulfing candlestick in the daily Technical Chart. It indicates that bullish sentiments are rising, resulting from the demand met near the support trendline.
The rising buying pressure is evident in the intraday volume growth that exceeds the 20-day volume MA. In addition, the bullish alignment of daily EMAs is rising higher, which indicate a bull run.
AXS Token prices trade at $142.40. It represents a +22.15% increase in the last 24 hours, suggesting that the price is in a bull run. However, the coin’s intraday trading volume increased by +210%
AXS Token’s Price In 4-Hour Chart
AXS token prices increase in a bullish direction as the price retraces after rising higher in the 4-hour chart. As a result, investors may view the price-action retracement as an opportunity for bullish entry with minimal risk.
According to pivot levels, the demand levels are at $120 and $100, respectively. Therefore, if bulls keep the bullish trend at either support level, they could face resistance from $150 to $175.
The EMAs on the 4-hour technical chart have greater power and maintain bullish alignment due to the price increase with a positive slope. It can therefore keep prices steady during a bullish movement. Also, the inclined volume on the chart indicates a strong bullish run.
The ADX Index can indicate a rise in trend momentum.
Parabolic SARs indicate that bulls have overtaken trend control.
The RSI indicator indicates a substantial rise in bullish inclination.
Conclusion: AXS token’s prices find demand after every retracement in the 4-hour chart. The token price may soon rise higher to approach the $175 mark if it sustains above the $150 level.
Support – $120 and $100
Resistance – $150 and $170