TL;DR Breakdown
- Axie Infinity price analysis is bullish today.
- AXS/USD gained another 40 percent.
- Bulls still hold momentum.
Axie Infinity price analysis is bullish today as a strong advance has been seen over the last 24 hours, and there are no signs of bearish pressure returning for now. Therefore, we expect AXS/USD to continue higher over the next 24 hours.
The overall market traded mostly in the red over the last 24 hours. The market leader, Bitcoin, lost 1.13 percent, while Ethereum lost 3.31 percent. Axie Infinity (AXS) is the best performer, with a gain of almost 40 percent.
Axie Infinity price movement in the last 24 hours: Axie Infinity breached $150
AXS/USD traded in a range of $107.05 – $155.08, indicating strong volatility over the last 24 hours. Trading volume has spiked by 201 percent and totals $4.75 billion, while the total market cap has increased to $9.15 billion, ranking the coin in 20th place overall.
AXS/USD 4-hour chart: AXS set to continue higher?
On the 4-hour chart, we can see the Axie Infinity price continuing to push higher as the market lacks selling pressure.
Axie Infinity price action has seen bullish momentum return over the past weeks. After a strong drop on the 20th of September, support was found at the $50 mark. From there, AXS/USD saw a strong reversal over the following week.
Initially, the market rallied back to the previous resistance around $70, with a slight retracement setting a higher low on the 26th of September. However, bulls quickly regained control, sending AXS to the $80 mark by the end of September.
Axie Infinity price spiked higher on Friday, resulting in a new all-time high set at $120 on Saturday. After a brief consolidation, the bullish momentum resumed yesterday, with the $150 mark reached over the past hours.
Axie Infinity Price Analysis: Conclusion
Axie Infinity price analysis is bullish for the next 24 hours as bulls still remain in control after the market breached $150. Therefore, we expect AXS/USD to continue higher and set further all-time highs.
While waiting for Axie Infinity to move further, read our guides on Mycelium Wallet, Next Cryptocurrency to Explode in 2021, as well as our BitMEX review.
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.
