Axie Infinity (AXS) is a notable cryptocurrency within the GameFi sector, offering a unique play-to-earn model through blockchain-based gaming.
Here’s an in-depth look at its current market performance, price analysis, and recent news affecting its trajectory.
For on-demand analysis of any cryptocurrency, join our Telegram channel.
AXS Price AnalysisTrends are mixed but improving. Wait for a breakout from the Ascending Triangle pattern, above $5.50 resistance, to signal trend resumption with +20% upside potential to the next resistance of $6.50
Buy Now Weekly Price AnalysisOver the last week, AXS has shown slight price fluctuations, with a 1.2% decrease within the last 24 hours and an overall 5.5% increase across the past seven days.
Trend: Short-term trend is Up, Medium-term trend is Neutral, Long-term trend is Strong Down.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently.
Support and Resistance: Nearest Support Zone is $4.00. Nearest Resistance Zone is $5.50, then $7.00.
Key Indicator ValuesFor on-demand analysis of any cryptocurrency, join our Telegram channel.
All Rights Reserved. Copyright , Central Coast Communications, Inc.