Axie Infinity Price Analysis: AXS goes up to $66, finds rejection at $67

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TL;DR Breakdown

  • 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.

The overall market was bullish for the previous 24 hours. Bitcoin gained 3%, whereas Ethereum rose by 7.20%. Dogecoin is currently the biggest beneficiary, increasing by 11%.

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. 

Axie infinity price analysis
AXS/USD 4-hour chart. Source: TradingView

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.

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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