•AXS/USD is currently priced at $6.90 and has increased by 0.55% over the past day
• די טריידינג וואַליומז האָבן דיקריסט מיט 35.39% איבער די לעצטע טאָג
• די טעכניש ינדאַקייטערז פֿאָרשלאָגן אַ נייטראַל דערוואַרטונג פֿאַר דעם לעבן טערמין
Short Term View: Axie Infinity bears provide underwhelming response
The Axie Infinity price today is $6.90 USD with a 24-hour trading volume of $46,926,454 USD. Axie Infinity is up 0.55% in the last 24 hours. The trading volumes have decreased over the past day amid a shortage of demand for the altcoin whereas the Volume to Market Cap Ratio stands at 0.06812 for the altcoin.
Axie Infinity has displayed dodgy price action over the past month, with an immense struggle between the bulls and bears to establish a foothold in the market going on. The bulls have endeavored to take initiative in recent days and that has pushed the Axie Infinity price to transact above the 20,50 SMA on the four hour chart. The resistance for the asset resides at $7 and it’s breach will result in a huge influx of buyers in the market. On the flip side, the support level is placed at $6.80 in the event of a trend reversal.
Long Term View for Axie Infinity price
Axie Infinity has displayed some choppy price action over the past few weeks as the momentum has swayed towards the bears and bulls simultaneously. The green histograms on the daily chart depict that an uptrend is at play in the market. However, the MACD and signal lines continue to transact in the negative territory and it remains to be seen if the bulls will be able to support the cause. The RSI, on the other hand, stands placed at 40.88 as the bulls look to have strengthened their resolve.
סאָף
Axie Infinity bulls have kept their cool amid the chaos in the market and have steered the asset clear of the downside. A period of accumulation beckons for the altcoin before we can expect the bulls to stage a rally.
שטיצן: $ קסנומקס
קעגנשטעל: $ קסנומקס
אָפּלייקענונג
די מיינונגען און מיינונגען סטייטיד דורך דעם מחבר, אָדער קיין מענטשן געהייסן אין דעם אַרטיקל, זענען בלויז פֿאַר ינפאָרמאַטיוו געדאנקען, און זיי טאָן ניט פאַרלייגן די פינאַנציעל, ינוועסמאַנט אָדער אנדערע עצה. ינוועסטינג אין אָדער טריידינג קריפּטאָ אַסעץ קומט מיט אַ ריזיקירן פון פינאַנציעל אָנווער.
Source: https://www.thecoinrepublic.com/2022/11/24/axs-price-analysis-axie-infinity-bulls-provide-no-discernible-weakness/