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Axie Infinity (AXS)CryptocurrencyMetaverseNewsPrice Analysis

Bullish Momentum Drives Axie Infinity (AXS) to $24.81 – Price Analysis

  • Axie Infinity records upswings today.
  • The alt has resistance at $27.82.
  • AXS support stood at $19.68.

Axie Infinity price reveals upside tendencies today. The alternative token maintained bullishness within the past couple of days, currently changing hands near $24.81. For now, uptrends will discover the immediate resistance near $27.82. On the other side, AXS’s support barrier stood near $19.68.

Analysts expect the altcoin to maintain an upside stance in the near term, advising interested individuals to purchase at current prices for long-term goals. Nevertheless, market players can book profits near $27.82 & exit if bears step up again. On the other side, those holding the token should wait for trend shifts before purchasing again.

1Day Timeframe – AXS Retests $19.68 As Support

The 1-day price chart shows AXS/USD maintained an upside trajectory within the past 24 hours. The daily chart reveals the alt formed a higher high at $27.87 before retracing towards the $24.81 levels. Meanwhile, Analysts predict continued uptrends in the coming sessions, with AXS’s market cap surging (currently at $1,511,288,134). Meanwhile, the 24hr trading volume stood near $838,001,917.

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The Exponential Moving Average ribbons displayed a bullish cross, while the MACD nears an optimistic crossover. The Relative Strength Index stands at 55, showing AXS is neither oversold nor overbought and has room for more price surges.

4Hr Timeframe – Bulls Fight to Control

The 4hr chart shows Axie Infinity bears attempting to re-establish but were yet to succeed. For now, AXS exhibits bullish signals as it trades around $24.81. Moreover, the alt seems ready to stretch upside as AXS’s market cap surges. An upside that moves past the resistance at $27.82 could clear the path toward $32 in the short term.

The MACD hovered beyond the signal line, indicating bulls were in control. Moreover, the RSI at 60 shows the market neared overbought conditions. The 4hr chart EMA indicators highlighted a bullish signal.

Final Thought

Axie Infinity market exhibits a bullish bias, and bulls can push the altcoin higher in the coming sessions. AXS has a resistance at $27.81, beyond which the token would rally to $32. However, weakened actions to violate the foothold of $19.68 will welcome declines toward $17.

Editorial credit: TongRoRo – shutterstock.com

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James Carr (Australia)

James is a new research writer for Tokenhell. His articles include broker and exchange reviews, guides and news from all over the crypto-verse. Stay tuned for his recent articles.

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