- Bulls are back and trend reversal has begun
- AXS gained 61.74% of trading volume in just 24 hrs.
- AXS/BTC pair is at 0.000754 BTC with a change of +4.72%
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. Each Axie possesses six out of the hundreds of different potential body parts — each of which has its own battle move.
It looks like the AXS bulls have started supporting the token as the price is currently moving above the exponential moving average. Analysts believe that the past few days have been a great opportunity to buy the dip, as now the bulls are driving the market green.
The daily graph shows us that the trend reversal has begun, the current price for one AXS is trading at $22.86 with a gain of 7.46% in its market capitalization in the past 24 hrs. AXS has a trading volume of 249 million with a gain of 61.74% in 24 hrs and a market cap of 1.3 billion with a gain of 7.27% in it. The volume market cap ratio for AXS is 0.1789. Seems that the bears are losing their grip over the market. AXS/BTC pair has a value of 0.000754 BTC with an increase of 4.72% in it.
ការវិភាគរយៈពេលខ្លី
The short-term (4 hrs) graph shows a breakout of a sideways trend which was between resistance and support of $23 nad $29 respectively, and initiation of an uptrend.
Technical indicators like MACD indicate bullish movement as the MACD line made a positive cross over the MACD signal line and the histograms also started rising.
While the relative strength index is not overbought yet, the value is above 65. Which supports the MACD indication.
សន្និដ្ឋាន
The analysis says the AXS bulls are now focusing on the token and the trend reversal has begun.
The technical indicators are supporting the Statement.
កំរិតបច្ចេកទេស
Resistance : $30 and $32.5
ជំនួយ៖ ៨៤០០ ដុល្លារនិង ៨ ២០០ ដុល្លារ
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់តែគំនិតព័ត៌មានប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Source: https://www.thecoinrepublic.com/2022/05/23/axie-infinity-price-analysis-axs-bulls-are-back-in-action/