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Axie Infinity‘s price analysis shows that the crypto is currently up 1.13 percent over the past 24 hours, trading at $7.43. The digital asset has seen a steady upward trend over the past week, with its price increasing by around 2 percent. The price has been trading in a range between $7.41 and $7.43 over the past few days, with its price finding strong support at the $7.19 level.
The 24-hour Axie Infinity token indicates that coin value may be slightly on the rebound, as the price curve has shifted upward during the past 24 hours. The increase in price, which is presently at $7.43, serves as a confirmation of this. Previously, the bears had maintained their edge, but today’s trading has seen a slight shift in favor of the buyers. Looking at the technical indicators, Axie has been in a bullish trend for the last 24 hours.
The moving average convergence and divergence (MACD) is showing positive momentum, with the 50-SMA (simple moving average) also trending upward and above the 200-SMA. The RSI indicator is also moving in the overbought region, which indicates that AXS/USD may see a slight correction before it can resume its upward trend. The strong support at the $7.19 level has been a key factor in keeping the price above this level.
The hourly AXS/USD pair is also showing a positive trend, with the price trading in a range between $7.41 and $7.43 over the past 5 hours. Therefore, if the price can maintain its position above the crucial $7.19 support level and surpass the $7.82 resistance level, the bullish momentum may continue in the near future. The hourly chart is showing a bullish divergence, with the RSI at 67. The 24-hour trading volume of Axie is currently at $105 million, while the market capitalization is currently at $746 million.
The overall picture for Axie Infinity is that the price is currently increasing and looking to break out of the current range. With good support at the $7.19 level, investors should watch out for a potential breakout in the near future. Therefore, overall, the outlook for Axie is bullish, with the price potentially moving up in the coming days.
Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.