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- 1 Axie Infinity crypto price is currently trading at $8.1897788 with a 3.12% drop in the last 24 hours with a current market cap of $1.09 Billion.
- 2 Despite the corrective moves, the AXS price is taking support on the key EMAs.
The Axie Infinity price (USD: AXS) has demonstrated an upward trend in previous months and is trading near the $7.5549 support line. Buyers are enthusiastic to overcome obstacles and reach new heights. AXS cryptocurrency has increased by more than 22% in the past month. The price is trading above major moving averages indicating a bullish mood.
The AXS price action suggests that the AXS cryptocurrency has broken multiple highs and demonstrated the strength of the bulls in the previous months, which continues to sustain buying momentum. However, in recent weeks, the price has shown weakness and is down almost 15%.
At the time of publication, the Axie Infinity cryptocurrency was trading at $8.1897788 with an intraday loss of 3.12%, below the 20-day EMA and indicating bearish sentiment on the chart. Moreover, the intraday trading volume is 199.2 Million. The market capitalization of Axie Infinity cryptocurrency is $1.09 Billion.
The oscillator indicates that the current price is in the corrective phase. Investors are optimistic about next week’s results. The price of the Axie Infinity cryptocurrency has risen slightly by about 3.12% over the past 24 hours and has risen slightly by 22% over the past month.
However, in the long term, the cryptocurrency has been volatile, with the cryptocurrency gaining about 86.52% in the last three months and about 38.15% in the last six months. The crypto’s performance for the year has also been volatile, with the crypto down about 6.94% year to date.
Technical Analysis of Axie Infinity Crypto Price in 1-D Time Frame
Axie Infinity (USD: AXS) has seen a slow rise in the price of the crypto over the past three months, gaining 86.52% and 22.14% over the past month. Currently, the AXS cryptocurrency is trading at the support level and is trying to stay at this level even after the unexpected price drop.
If it sustains at this level, the Axie Infinity price might reach the first and second targets of $10.00 and $11.00, respectively. However, if AXS price fails to maintain this level and falls, it may reach the nearest $7.5580 and $6.6308 support levels.
The Axie Infinity (USD: AXS) cryptocurrency is currently trading above its 50-day and 200-day daily moving averages (DMA), which support its price momentum.
However, if the buying volume increases, the price can create higher highs and new highs to maintain bullish momentum. Therefore, the Axie Infinity price is expected to move higher and remain strong on the daily chart.
The current RSI value is 50.62 points. The 14 SMA is above the center line at 64.57 points, indicating the bullish nature of the Axie Infinity cryptocurrency. The MACD line at 0.4129555 and the signal line at 0.5462820 are above the zero line.
A bearish crossover is observed while the MACD indicator signals weakness in the momentum of the AXS crypto price.
Summary
Technical oscillator Axie Infinity (USD: AXS) supports the bullish trend despite minor corrections. MACD, RSI, and EMA highlight positive signals, suggesting that the upward trend in the price of the AXS crypto may continue. Price action suggests that investors and traders are optimistic on a daily basis. Price movement reflects an optimistic outlook.
Technical Levels
Support Levels: $7.5580 and $6.6308
Resistance Levels: $10.00 and $11.00
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
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.
