Axie Infinity Price Analysis: AXS Crypto Price Sees A Fall With The Fall In Market

• AXS coin price is observing a downside momentum but can soon see a reversal in the future. It is trading with a loss of more than 12% in the intraday session
• AXS coin price may see the continuation of downtrend for upcoming days. Meanwhile, AXS/BTC pair is down by more than 5%

Why To Invest In AXS Crypto?

AXS crypto price is seeing a bearish trend on the daily chart which can lead it to a new low in the future.  Axie infinity coin is currently trading near the value of $57.38 and has observed a loss of more than 12% in the past 24 hours . The ROI of AXS coin is more than 75800% which has benefitted various investors. Axie Infinity is a blockchain-based trading platform and battling game that is partially owned and operated by its users and developers. The brain behind the platform is Sky navis who has developed various kinds of games  .Axie coin may observe a small correction in price before . One can invest in Axie Infinity coin according to their needs and risk capacity.

AXS coin market dominance along with market cap has seen a significant decline in the past few days .The volume of the AXS coin along with the market cap has observed a steep decline in the past few days. The volume to market capitalization ratio of the AXS hints towards a consolidated mode in price. One can position their funds according to their needs and price action.

AXS Coin Price Technical Indicators Hints A Strong Downside Momentum In Price

The weekly technical chart of the AXS coin price hints towards a bearish momentum for the future . On coming to the daily chart the coin price is seeing a downside trend. The upside momentum of Axie Infinity might see a halt near the value of $70. Meanwhile on going downside one can observe the support in price near $50. The price is currently trailing below the 50 and above 100 Daily Moving Average.The 100MA  line of the  is near $42 acting as a temporary support in price.  If the coin price goes above $80 then a strong bull trend can be observed in future. AXS/BTC pair can also see a new high being formed in future

Conclusion

AXS coin price is observing a downside momentum but can soon revert to the uptrend in future. AXS/BTC pair can also see a new high in upcoming days

Technical Levels

Major Support:$80

Major Resistance:$50

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