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Axie Infinity (AXSUSD) Price May Increase Further Towards the Resistance Level of $60 – Cryptovibes.com – Daily Cryptocurrency and FX News

Axie Infinity (AXSUSD) Price May Increase Further Towards the Resistance Level of $60 – Cryptovibes.com – Daily Cryptocurrency and FX News


AXSUSD Price Analysis – July 24

Should the buyers exert more pressure, the bullish momentum may likely extend to the psychological resistance levels of $60 and $70. In case the buyers fail to push up the price above the resistance level of $50, the price may swing low to the support level of $38, $29 and $24.

AXSUSD Market

Key Levels:

Resistance levels: $50, $60, $70

Support levels: $38, $29, $24

AXSUSD Long-term Trend: Bullish

AXSUSD is soaring higher on the Daily Chart. Axie infinity was range-bound within the $11 price level and the $2.3 level for long period of time. On July 06, there was a bullish breakout at $11 level. The bulls gained more pressure and pushes up the price to break $24 and $29 levels. Yesterday, a strong massive daily bullish candle emerges and increase the price to $50 level, then, pulled back. There is tendency for price to increase.

AXSUSD daily chart, July 24

Should the buyers exert more pressure, the bullish momentum may likely extend to the psychological resistance levels of $60 and $70. In case the buyers fail to push up the price above the resistance level of $50, the price may swing low to the support level of $38, $29 and $24. However, the relative strength index period 14 is at 80 levels with the signal lines pointing up to indicate a buy signal.

 AXSUSD Medium-term Trend: Bearish

The coin has been moving upwards for days as it can be clearly seen when taking a look at the 4 hour chart. On 15 July, the Bears push the Axie Infinity down towards $11. The 4-hour bearish candle closes slightly above the $11 zone. Effort by the sellers to move down the price failed and the buyers exerted more pressure which triggers the coin to soar and tests the $50 resistance level.

AXSUSD 4 hour chart, July 24

The price is trading above the 21 periods EMA and 50 periods EMA and the distance increases to each other which indicate that the Bullish momentum may continue. The relative strength index period 14 is at 80 levels with the signal lines pointing up to indicate a buy signal.



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