Axie Infinity (AXS) Analysis
In addition to automated chart patterns, altFINS’ analysts conduct technical chart analyses of top 30 cryptocurrencies. We call these Curated Charts and they evaluate 5 core principals of technical analysis: Trend, Momentum, Patterns, Volume, Support and Resistance.
Axie Infinity (AXS) technical analysis:
Trade setup: Bullish breakout from Descending Triangle was confirmed with a breakout above $10 and 200-day moving average Upside potential to $15 resistance. Pullback near $10 support could be a swing entry opportunity. The recent big move comes ahead of a negative catalyst in form of an upcoming token unlock. (set a price alert).
Trend: Uptrend on Short- and Medium-Term basis and Neutral on Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI > 55 (Bullish).
OBV (On Balance Volume): is flat, indicating that volume on Up days is equal to volume on Down days. Hence, demand from buyers and supply from sellers are in equilibrium
Support and Resistance: Nearest Support Zone is $10 (previous resistance), then $6. The nearest Resistance Zone is $15, then $20.
See live Axie Infinity (AXS) chart here
Read more curated charts of coins with technical analyses.
Recent news and research:
Axie Infinity to start reimbursing Ronin bridge hack victims from June 28
Axie Infinity to Release Land Gaming Mode in Bid to Maintain Dominance
DeFi Kingdoms Challenges Axie Infinity’s GameFi Supremacy with NFT Play
Axie $150M Raise, BoA Crypto Research, SEC Subpoenas USDC, India’s Crypto Market, Crypto PAC Rumor
NFT trading game Axie Infinity launches AXS staking program
Axie Infinity Revenue Jumped Another 85% in August
Axie Infinity Has Beaten Even Ethereum in Network Fees Thanks to its Sidechain
After Axie Infinity’s 800% Rise, Crypto Analyst Looks at What’s Next
Axie Infinity Goes Against The Trend, How It Hit New ATH In The Past Week
Axie Infinity Economy Booms as NFT Sales Rise
Find more real-time news here.