Axie Token Price is in a consolidation zone on the daily chart after a long bearish rally of over three months. The coin is currently consolidating between $ 46 and $ 75 on the chart. It remains to be seen over the next few sessions if the coin is able to stay above the support at $ 46. The Stochastic Relative Strength Index (Stoch RSI) indicator indicates bearishness for the coin. The volumes for the token also have declined sharply and are declining consistently month on month.
Axie Token Price is trading in a sideways parallel channel on the hourly chart for the last couple of weeks in the zone between $ 50 and $ 45. The coin has formed reasonably strong support at $ 45 and looks to sustain the support over the next few sessions. The volumes have declined on average over the last few weeks and the Stoch RSI indicator indicates that the coin might be overbought at the current price levels. It remains to be seen over the next few sessions how the coin behaves on the chart.
Support: $ 45
Resistance: $ 50
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