Axie Infinity Price Analysis: AXS Coin Price Consolidates After A Gain Of 4X Within A Month

• AXS coin price is currently in a halt after a strong bull run to $80. It might soon revert to a new high of $100 in the future
• Technical indicators of the AXS coin price suggests a strong upside momentum in future Meanwhile, AXS/BTC pair has seen a gain of 0.25% in the past 24 hours

Why To Invest In AXS Coin?

AXS coin price is currently in a halt after a bull run but can soon revert to the uptrend.  Axie infinity coin price is currently trading with a loss of 0.78% and is near the value of $76 . The ROI of Axie coin is more than 75800% which has differentiated it from the other projects. Axie Infinity is a blockchain-based trading platform and battling game that is partially owned and operated by its users and players. The brain behind the platform is Sky navis who was previously a game developer .Axie coin can soon see a major breakout for $100. One can invest in Axie Infinity coin as per their risk capacity and price action.

Axie infinity is ranked 35th in the CMC and has a market dominance of more than 0.35% .The volume of the AXS coin along with the market cap has seen a significant rise in the past few days. The volume to market capitalization ratio of the AXS coin suggests a strong upside momentum for the future. One can position their funds according to the price action in Axie Infinity

AXS Coin Price Suggests A Strong Upside Momentum In Price

The weekly technical chart of the AXS coin price suggests a strong upside momentum for the future . On coming to the daily chart the coin price is seeing a consolidated momentum on the daily chart. The bullish momentum of Axie Infinity can see a halt near the value of $85. Meanwhile on going downside one can see the support near $50. The price is currently trailing above  the 50 and 100 Daily Moving Average.The 100MA  line of the  is near $42 suggesting an upside momentum in price. If the coin price jumps above $80 then a strong bullish momentum  can be seen in the future. AXS/BTC pair can also observe a breakout from the previous resistance in the future

Conclusion

AXS coin price is currently seeing a strong upside momentum in the future and can soon see a new high. AXS/BTC pair can also observe a new high in the future

Technical Levels

Major Support:$50

Major Resistance:$80

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