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Axie Infinity Price Analysis: AXS/USD is set to break below the daily support found at $20

Axie Infinity price analysis
TL;DR Breakdown
  • Strong resistance at $49.3.
  • The trading price of AXS is $29.7
  • Axie Infinity price analysis is bearish today

Today’s Axie Infinity price analysis is bearish as the market has not been able to move beyond a key resistance level at $49.3. The trading price of AXS is currently at $29.7, and the market looks set to continue its downward trend in the near term.

There is strong resistance at $49.3, which has prevented the market from moving higher. The trading price of AXS is currently at $29.7, and the market looks set to continue its downward trend in the near term. However, the market could see a rebound if it can move past this key resistance level.

The market is bearish today as it has not been able to move beyond a key resistance level at $49.3. The trading price of AXS is currently at $29.7, and the market looks set to continue its downward trend in the near term. However, the market could see a rebound if it can move past this key resistance level.

While the market is bearish today, there is still a chance for a rebound if the market can move past the key resistance level at $49.3. However, the downward trend will likely continue in the near term.

AXS/USD 4-hour analysis: Recent developments

Axie Infinity price analysis for June 1st shows that the market has been trading in a descending channel since May 25th. During this period, the market has made two lower lows and two lower highs. The trading price is currently at the bottom of the descending channel, and it looks like the market could continue its downward trend.

image 126AXS/USD 4-hour price chart source: TradingView

The market has been bearish since it made a high of $49.3 on May 25th. During this period, the market has made two lower lows and two lower highs. The trading price is currently at the bottom of the descending channel, and it looks like the market could continue its downward trend.

The market is bearish today as it has not been able to move beyond a key resistance level at $49.3. The trading price of AXS is currently at $29.7, and the market looks set to continue its downward trend in the near term. However, the market could see a rebound if it can move past this key resistance level.

Axie Infinity price analysis for 1-day: Market moves upwards

Axie Infinity price analysis for the 1-day chart shows that the market has been downtrend since May 25th. The market made a lower high on June 1st, and it looks like the market could continue its downward trend in the near term.

image 127

AXS/USD 1-day price chart source: TradingView

Axie Infinity price analysis is bearish today as the market has not been able to move beyond a key resistance level at $49.3. The trading price of AXS is currently at $29.7, and the market looks set to continue its downward trend in the near term. However, the market could see a rebound if it can move past this Axie Infinity price analysis is bearish today as the market has not been able to move beyond a key resistance level at $49.3.

Axie Infinity Price Analysis: Conclusion

Axie Infinity price analysis is bearish today as the market has not been able to move beyond a key resistance level at $49.3. The trading price of AXS is currently at $29.7, and the market looks set to continue its downtrend in the near term. However, the market could see a rebound if it can move past this key resistance level.

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.

William Suberg

William Suberg

William Suberg is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. William is a lover of sports.

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