- Axie Infinity price analysis is bullish today.
- AXS/USD rallied to the previous swing high today.
- AXS is set to reach new several-week highs in days to come
The price of Axie Infinity is up today, having advanced over the previous 24 hours and nearing the prior swing high of $65. We anticipate further gains later today and a new high if AXS/USD continues to advance at this rate.
Axie Infinity price movement in the last 24 hours: Axie Infinity retests previous swing high
Today’s daily AXS/USD price analysis has the pair staying inside a range of $61.51 to $67.02, with increasing volatility throughout the previous 24 hours. The total trading volume has fallen by 26.54 percent to $238.13 million, while the overall market capitalization ranges around $4.08 billion
AXS/USD 4-hour chart: AXS set to break $68?
On the hourly chart, we can see how the Axie Infinity price action is attempting to break out of the $65 previous swing high.
The price of Axie Infinity has been on a steady climb recently, with strong momentum resuming over the past week. After falling by more than 30% last Monday, a new low was set at $33 on September 7th.
The price of the NFT token has been on a steady climb since the NFT frenzy began, rising from around $4.20 to over $90. However, after trading at a high of about $75 for a few days in September, the cryptocurrency took a downturn and rapidly fell below the $70 support line.
Additionally, there was a higher low created there with a several-day consolidation. The Axie Infinity price began to rise again late yesterday, resulting in the previous swing high of $68 over the previous hours.
Axie Infinity Price Analysis: Conclusion
The price analysis of the Axie Infinity market is good today, as the market has made a significant jump today towards $67 after battling bears at $65. As a result, if AXS/USD can maintain its momentum, we expect further gains throughout the day and a strong higher high to be established next.
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