- The price has been recovered to $123.
- Axie Infinity price analysis confirms bullish return.
- Support is still fixed around $114.3 level.
The price is on the rise once again as the latest Axie Infinity price analysis confirms the bullish comeback. Although the price underwent a significant decline in the past few days, today’s trend has been relatively on the profitable side. The buyers are at advantage now as the price has been able to resettle at the $123.45 level once again. Although the cryptocurrency faced rapid decline earlier, the bulls were able to find their recovery today.
AXS/USD 1-day price chart: Bulls succeed in securing position above $123 level
The one-day Axie Infinity price analysis is showing signs of bullish recovery as the price underwent a considerable increase today. The bears have been trying to secure their lead since the past week, but the resistance from the bullish side has almost been equable. The price underwent a sharp decline previously, but today the bulls were able to bring back the price to $123.45. The price is still below the moving average indicator’s (MA) value which is at $125.23.
A crossover between SMA 50 and SMA 20 took place earlier, but now the cryptocurrency is on its way to recovery. The volatility decreased significantly, as now the upper Bollinger band is at $136.53 and the lower Bollinger band is at $114.28. The Relative Strength Index (RSI) score has improved to 58.29 as well.
Axie Infinity price analysis: Uptrend resumes as price shoots up to $123.5
The ongoing fluctuations in price have resulted in an upturn as the bulls have been leading for the past few hours. The AXS/USD price has rejoined the $123.51 level as the bullish momentum was recovered once again. Although the bears were in the dominant state earlier, the bulls have been able to secure their lead momentarily. The moving average value in the four hours chart is present at $123.45 position.
A crossover between SMA 20 curve and the SMA 50 curve was recorded in the last four hours, which is also a strong indication of an uptrend. The upper value of the Bollinger bands Indicator is at $128.5 position whereas their lower value is at $118.13. Meanwhile, the RSI score is at an average position of 49.89.
The price has been able to mark tremendous heights during the period of the past few months. This is why the technical indicators chart for AXS/USD is giving out a favorable signal for the buyers. There are 12 indicators sitting on the buying position, nine indicators on the neutral position, and only five indicators on the selling position.
As the cryptocurrency’s overall progress has been noteworthy, the moving averages indicator is also going strongly bullish. There are a total number of 11 indicators on the buying mark, three indicators are on the selling mark while only one indicator is on the neutral mark. The Oscillators are showing a neutral trend for the day with eight oscillators at the neutral level, two oscillators at the selling level, and one oscillator at buying level.
Axie Infinity price analysis conclusion
The one-day and four hours Axie Infinity price analysis is confirming an uprise in price up to the $123.45 level. The bulls were able to find their way to recovery after a succession of defeats. The bullish momentum is back on track and it is highly expected that the price will move higher than its current level in the upcoming days.
Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.