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- 1 Axie Infinity token marked an up move and is looking bullish on the charts.
- 2 Buyers are gaining traction and are keen to smash the $10 mark.
Axie Infinity token price witnessed a rebound from the 200-Day EMA mark and glimpsed buying momentum on the charts. Moreover, the token has gained strength and is heading toward the $10 mark. The price action depicts a recovery and fresh higher high swings were noted in the last few sessions. However, bulls must surpass the $10 mark to continue the rise.
AXS token price has escaped the key moving averages and has retained the neutral region, signifying the bullish momentum on the charts. Additionally, the rise in trading volume conveys the investor interest and fresh long buildup was noted. The trend is intact and bulls are showing their intent to climb above the $10 mark. Per the Fib retracement levels, the token has climbed above the 38.2% zone.
AXS price was $9.48 at press time, with an intraday gain of 1.39%, showing neutrality on the charts. Moreover, the trading volume has increased by 10.01% to $142.11 Million. AXS token has a weekly return ratio of 22.57% and 29.74% on a monthly basis. The pair of AXS/BTC is at 0.000153 BTC, and the market cap is $578.17 Million. Analysts are neutral and suggest that the AXS token price will continue to stretch the pullback in the next sessions.
Axie Infinity Witnessed Accumulation, Can AXS Register Breakout Above $10?
Axie Infinity token (AXS) has depicted a rebound from the 200-Day EMA mark and is signifying the bull accumulation in the last sessions. Moreover, the token has glimpsed follow on buying momentum and the bulls have shown their dominance. However, the token needs to sustain gains above the $10 mark to continue the bull run and may register a rally soon.
The RSI curve stayed in the overbought zone and formed a buy signal on the charts. Similarly, the MACD indicator shows a bullish crossover and a bullish outlook was glimpsed for the following sessions.
Axie Infinity Exhibits Reversal, Will AXS Retest 100-Day EMA Mark?
The token signifies a reversal witnessed a sharp reversal, reflecting bullish momentum on the charts. Moreover, the token has surpassed the 50-Day EMA and is heading to retest the 100-Day EMA mark. Buyers will continue to stretch the rise and ascend toward $15.
Summary
The Axie Infinity (AXS) token price has jumped from the bottom zone of $5 and witnessed a pullback in the last sessions. Furthermore, the token is keen to surpass the $10 mark and glimpsed a sharp rise in the following sessions.
Technical Levels
Support Levels: $9 and $8
Resistance Levels:$10 and $12
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.