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- 1 Axie Infinity’s price prediction suggests a rise in the coming months.
- 2 AXS price is consolidating in a narrow range between $5.00 to $7.00.
- 3 Axie Infinity crypto struggles to hold the price above the 50-day EMA.
Axie Infinity’s price prediction remains bullish till it sustains above the $5.00 support. AXS price seems to be stuck in the narrow range between $5.00 to $7.00. It formed a short-term base and downside risk looks limited.
Axie Infinity price struggles to climb above the 50-day EMA showing that sellers are active on higher levels. The 200-day EMA slopes down and the price is trading below the EMA showcases positional trend is down.
In the mid of June, AXS price took support near $4.59 and showed a minor bounce from the lower levels. Meanwhile, the buying volume also increases showing some genuine investors might have accumulated from lower levels.
However, the prices lacked momentum near the 50-day EMA entered into consolidation. Buyers tried multiple times to break the higher range but got rejected and reverted in a downward direction.
Axie Infinity price is trading at $6.04 with an intraday decline of -0.66%. The 24-hour volume to market cap is 8.46%. The pair of AXS/BTC is trading at 0.0002040 with an intraday decline of -0.34%.
The price chart of Axie Infinity with the BTC pair is in a strong downtrend. The sellers seem to be more active in this pair as compared to the USDT pair.
Will Axie Infinity Price break the higher range?
Axie Infinity price prediction is bullish for the short term as well as for the long term. Responsive buyers are active near the $5.00 support and bulls are trying their best to rebound.
Till the Axie Infinity crypto price holds $5.00 the probability of a higher range breakout remains high. If buyers succeed to break the $7.00 hurdle then it will begin the journey to reach $8.50.
On the other hand, if the AXS Price faces rejection from $7.00 then bears will again try to maintain $5.00. The technical analysis suggests Axie Infinity crypto price is recovering and more upward momentum is possible.
AXS Price formed a Doji candle
AXS price formed a Doji candle on the weekly time frame indicating indecisiveness. The crypto leader BTC price is recovering which might positively impact the prices of other Altcoins.
The super trend indicator shows the short-term rise possible till the price is above the buy line. The MACD curve slopes sideways denotes prices likely to consolidate for some more time. The RSI at 46 denotes neutral territory and a balance between bullish and bearish positions.
Conclusion
Axie Infinity price prediction is bullish and suggests a rise in the long run. AXS crypto formed a short-term base near $5.00 and downside risk is low. The technical analysis suggests AXS price is recovering and the probability of a range breakout is high.
Technical levels
- Resistance levels: $7.00 and $8.59
- Support levels: $5.00 and $4.59
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
