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Axie Infinity price analysis: Price finds stability at $132.67 after receiving a bullish push

www.cryptopolitan.com 23 November 2021 16:21, UTC
Reading time: ~3 m

  • The price has improved up to $132.7.
  • Axie Infinity price analysis favors bulls.
  • Support is considerably strong at $121.54.

The latest Axie Infinity price analysis is showing support for the buyers as the price has followed an increasing movement in the last 24-hours. There have been constant variations that have been going on in the price trends, as the bulls and bears are fighting for dominance. Today, the bulls have taken the leading position once again by taking the price above the $132.6 level.

AXS/USD 1-day price analysis: Price returns to $133 increasing chances for recovery

The one-day Axie Infinity price analysis is confirming an increasing trend for the day as a considerable improvement in coin value is detected. Although the bears tried to secure their lead earlier, today’s trend has been relatively in the favor of the bulls as more buying activity has taken place. The price has increased up to $132.67 during the day as a result of the bullish comeback. The moving average (MA) value is still at a lower position i.e. $132.3.

A crossover between SMA 50 and SMA 20 was recorded in the earlier hours which is a major bearish hint, but now the situation is turning in the favor of the bulls. The Upper Bollinger band value is now $136.03 whereas the Lower Bollinger band value is $124.64. The RSI score has moved up to 52.70 because of the rise in price.

AXS/USD technical indicators chart. Source: TradingView

The technical indicators chart for AXS/USD is giving out a neutral hint for the day as both the bulls and the bears have been striving for lead. A total of nine indicators are present on the selling position as well as the neutral position, while eight indicators are on the buying position.

The Moving Averages Indicator is giving out a bearish signal by supporting the sellers. We can see that eight indicators are on the selling point, six indicators are on the buying point and only one indicator is on the neutral point. The Oscillators are showing a neutral trend as well as there are eight oscillators on the neutral side, two oscillators are on the buying side and one oscillator is on the selling side.

Axie Infinity price analysis conclusion

The one-day and four hours Axie Infinity price analysis is indicating a bullish trend for the day as the price is on its way to recovery once again. The AXS/USD value is now standing at $132.7 and it can be expected that further upside is coming ahead. The hourly prediction is in the favor of the buyers as well, as the price has followed an uptrend in the last four hours as well.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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