Axie infinity price analysis: AXS price recovers as bulls get closer to $65

Axie infinity price analysis AXS price lapses as the bears make unachievable

TL;DR Breakdown

  • Axie infinity price analysis price shows bulls struggling due to market pressure.
  • The bulls have taken the price to $65.45 level.
  • Cryptocurrency is supported at $49.54.

The Axie infinity price analysis is predicting a bullish trend for the day. The price has increased considerably during the last twenty-four hours and is now positioned at the $63.452 mark. The past few hours have been highly encouraging for the buyers, as the price glided past the $66 threshold. The trend has been continuous for today as well as the bulls are extending their range.

AXS/USD 1-day price chart: Price moving unboundedly towards its destination

The one-day Axie infinity price is showing encouraging signs for the cryptocurrency as the price is following the bullish movement. The price received sufficient momentum during the day which made it possible for it to reach the $65.45 level.

The price has gone above the moving average (MA) value i.e. $65.45 as well which is a great achievement. Whereas the Bollinger bands average is still at a greater height as it is holding up at $82.2.

Axie infinity price analysis: AXS price recovers as bulls get closer to $65 1
AXS/USD 1-day price chart. Source: TradingView

As the volatility in the price chart is towards the decreasing side, the Bollinger bands have changed their values as well. Now the upper band is found standing at the $82.2 mark while the lower band is at the $52.35 mark. The Relative Strength Index (RSI) score is 50 and is expected to go further above this as well.

Axie infinity price analysis: Price drawbacks to $64.32 just near the resistance point

The 4-hours Axie Infinity price analysis is going in the bearish direction today as the price has undergone decline. This happened just when the price was about to cross the $67.2 resistance level. But the bulls have been turned down as the bearish momentum has outgrown their strength.

The price has been lowered to $65.32, which is still above the moving average value i.e. $62. As the volatility is increasing, a further decline in price can be expected.

Axie infinity price analysis: AXS price recovers as bulls get closer to $65 2
AXS/USD 4-hours price chart. Source: TradingView

The Bollinger bands are supported at the $58.4 average, while their upper value is standing at $67.2 and the lower one at $58.4. The RSI score is going 60 for the 4-hours price chart which is still above the average limit.

Axie infinity price analysis: AXS price recovers as bulls get closer to $65 3
AXS/USD technical indicators chart. Source: TradingView

The technical indicators chart for Axie infinity is giving out bullish signals because overall the day has helped in adding to the coin value. There are 12 indicators that are fixed on the buying position, with nine indicators at the neutral and five at the selling points.

The Moving Averages Indicator is favoring the buyers as well because of the uptrend that followed during the day. We can see 10 indicators settling down at the buying position, with only four indicators present at the selling and one at the neutral positions.

The Oscillators, on the other hand, are giving out a neutral indication for the day. There are eight oscillators that are on the neutral level, while two oscillators remain at the buying and one at the selling points.

Axie infinity price analysis: conclusion

The price is going up once again according to the latest Axie infinity price analysis. The AXS/USD value is $65.32 at the time of writing and is expected to increase in value furthermore in the upcoming time period as well.

The reversal in trend has surprised many as bears were anticipating the price to break down the support present at $52. But, the bulls have made their mission remain unaccomplished by taking the price uphill again.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Aamir Sheikh

Aamir Sheikh

Amir is a media, marketing and content professional working in the digital industry. A veteran in content production Amir is now an enthusiastic cryptocurrency proponent, analyst and writer.

Related News

Hot Stories

Quant price analysis: Bullish uptrend marks QNT price above $119
Zilliqa Price Prediction 2022-2031: What's the future for ZIL?
Financial Empowerment through Bankless Systems
Dogecoin price analysis: DOGE spikes to $0.068, swift retrace incoming?
XDN Price Prediction: Will Digital Note hit ATH soon?

Follow Us

Industry News

Financial Empowerment through Bankless Systems
Weekly Crypto Price Analysis: BTC, ETH, SOL, XRP, and ADA
Bitso plans expansion into Argentina with this new feature
Everything you need to know about LUNC burn & Binance's role in it
New orders to IRS: More crackdown on crypto traders?