Axie Infinity price analysis: Price retraces back to $135.04 as bulls regain strength

Axie Infinity price analysis Price retraces back to as bulls regain strength

TL;DR Breakdown

  • The price has improved up to $135.04.
  • Axie Infinity price analysis supports buyers.
  • Support is sufficiently strong at $130.92.

The latest Axie Infinity price analysis shows signs of a bullish trend, as the price has managed to escape the downtrend. The bullish comeback has resulted in the price levels going up to the $135.5 mark. The past two weeks proved quite damaging for the overall coin value, but the bulls are now back on track for recovery. The hourly prediction, on the other hand, is not promising as a bearish price movement has been recorded.

AXS/USD 1-day price chart: Bulls fight for recovery as price heightens to $135.04 level

The one-day Axie Infinity price analysis is showing increasing chances of recovery for the bulls. The bullish momentum has been restored today which has created favorable circumstances for the buyers. Although a downtrend was at its peak previously, today’s trend is going relatively on the bullish side and the price is now touching the $135.05 mark. The moving average (MA) value in the one-day price chart is standing at $142.1.

Axie Infinity price analysis: Price retraces back to $135.04 as bulls regain strength 1
AXS/USD 1-day price chart. Source: TradingView

A crossover between SMA 50 and SMA 20 was recorded earlier because of the downswing. The decrease in volatility has shifted the upper Bollinger band value to $158.5 and the lower Bollinger band value to $130.92. The Relative Strength Index (RSI) score is at an average position of 47.33.

Axie Infinity price analysis: Bears drag down price to $135.06 low after return

The bears have succeeded in making a strong comeback in the last few hours. The price is going low as the bearish pressure is constantly increasing. A significant drop in price has taken place during the last four hours. The price is now present at $135.1 level and further downflow is to be expected in the approaching hours. The moving average value is still at quite a stable position in the four hours price chart i.e. $134.18.

Axie Infinity price analysis: Price retraces back to $135.04 as bulls regain strength 2
AXS/USD 4-hours price chart. Source: TradingView

The Bollinger Bands Indicator is now showing an average value of $138.6. Whereas, the upper Bollinger band value has moved up to $148.16 and the lower Bollinger band value has moved down to $129 because of the increase in volatility. The RSI score has dropped down to 41.81 because of the decreasing trend.

Axie Infinity price analysis: Price retraces back to $135.04 as bulls regain strength 3
AXS/USD technical indicators chart. Source: TradingView

The overall trend for cryptocurrency is going towards the neutral side. The technical indicators chart for AXS/USD is giving out a relatively neutral signal today. A total of 10 indicators are occupying the selling position while eight indicators are on the neutral as well as the buying position.

The moving averages indicator is giving out a selling signal because of the downward trend. We can see six indicators are on the buying point, eight indicators are on the selling point, and one indicator is on the neutral point. The Oscillators are also giving a neutral signal as seven indicators are on the neutral level, while two indicators each are on the selling and buying levels.

Axie Infinity price analysis conclusion

A substantial amount of increase in AXS/USD value has been reported today, as the bulls have successfully made a comeback. The increase is up to $135.05, as the bulls are trying to secure their lead once again. The four hours price analysis is showing a negative trend as the price has covered downward movement in the last four hours.

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.

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