- Axie Infinity price has jumped over the 20, 50, 100, and 200-day moving average.
- The trending volume for the last 24 hours has decreased by 31%.
Axie Infinity (AXS) price has witnessed a solid bullish trend since October and recorded a multi-month high of $11.15 on December 25, 2023, with a gain of 149%. Since the last week of December, the Axie Infinity price has performed negatively and dropped by 37.60% in just a month.
Axie Infinity cryptocurrency showed signs of a reversal on February 11 as the price surged from a crucial support level of roughly $6.85 and emerged from the wedge during a rally. As the cryptocurrency builds enough strength to breach the resistance level and soar to new heights, it may be ready for an incredible surge.
The current market price of Axie Infinity is $8.03, which has dropped by 0.50% in the past 24 hours. The market capitalization is $1.10 billion, and the trading volume is $45.25 million.
Current Price – $8.03 Price Prediction – $8.01 (-0.60%)
Market cap – $1.10 billion Green Days – 20/30 (67%)
Volume – $45.25 million Fear & Greed Index – 74 (greed)
Sentiment – Bullish 200-day EMA – $7.04
Volatility – 5.42% RSI – 55.15
As of March 1, 2024, the price of Axie Infinity is expected to fall by -0.60% to $ 8.01 based on our current price estimate. Our technical indicators indicate that the current mood is bullish, and the Fear & Greed Index is currently reading 74 (Greed). During the previous 30 days, Axie Infinity had 20/30 (67%) green days and 5.42% price volatility. Our analysis of Axie Infinity suggests this is a favorable moment to purchase the stock.
AXS Crypto Price Technical Analysis Over Daily Timeframe
On a daily time frame, the Axie Infinity crypto price has been in a bullish trend since the beginning of this month and has jumped by 31% this month. The price has taken support from the $8.50 level and triggered a pullback.
If the price manages to surpass the last swing high and sustain, the buyers may become interested and lift the price to a new multi-day low. On the other hand, if the price fails to sustain the recent high and falls, then it may fall to the strong support level of $7. But if the price fails to defend the $7 mark, bears may dominate, and a bearish trend for the next few months can be seen.
Conclusion
Based on the technical analysis, Axie Infinity’s price has shown a solid bullish trend and has the potential to reach new heights if it manages to surpass the last swing high. However, the market is volatile, and there is a chance that the price may fall to the strong support level of $7.
Technical Levels
Resistance: $8.50 & $10.50
Support: $8.80 & $5.50
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.