The price of Axie Infinity (AXS) has struggled recently with a few bullish signs against Tether (USDT) despite market sentiments around the project.<\/p>\n
As a result of the \u201cMerge\u201d sentiments, this has led to many altcoins showing relief rallies and newer altcoins making all-time highs; the price of Axie Infinity has struggled to rally despite many expectations on AXS holders.<\/p>\n
The Merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) to increase its network efficiency in transactions. (Data feeds from Binance)<\/p>\n
Axie Infinity (AXS) Price Analysis On The Weekly Chart
\nWeekly AXS Price Chart | Source: AXSUSDT On Tradingview.com<\/p>\n
From the chart, the price of AXS saw a weekly low of around $14.2, which bounced from that area and rallied to a price of $18.<\/p>\n
The price has built more momentum as it faces resistance at $19.3.<\/p>\n
If the price of AXS on the weekly chart continues with this structure, it could quickly revisit $18, acting as a good support area for buy bids.<\/p>\n
Weekly resistance for the price of AXS \u2013 $19.3.<\/p>\n
Weekly support for the price of AXS \u2013 $14.<\/p>\n
Price Analysis Of AXS On The Daily (1D) Chart
\nDaily AXS Price Chart | Source: AXSUSDT On Tradingview.com<\/p>\n
The price of AXS found strong support at around $17.5, which seems to be an area of interest on the daily chart.<\/p>\n
AXS bounced from its support and has rallied as it faces resistance at $19.3. The price of AXS has continued to range in a channel; breaking out of this channel could send the price of AXS to $28.<\/p>\n
At the point of writing, the price of AXS is $19.27, above the 50 Exponential Moving Average (EMA) with a price of $17.5.<\/p>\n
If the price of AXS holds the support of $17.5 successfully, we could see the price trending higher with a successful breakout of the channel; if the price of AXS gets rejected, $17.5, which corresponds with 50 EMA, will be good support for buys.<\/p>\n
The Relative Strength Index (RSI) for the price of AXS on the daily chart is above 55, indicating healthy buy bids for AXS.<\/p>\n
Daily (1D) resistance for AXS price \u2013 $19.3.<\/p>\n
Daily (1D) support for AXS price \u2013 $17.5.<\/p>\n
Price Analysis OF AXS On The Four-Hourly (4H) Chart
\nFour-Hourly AXS Price Chart | Source: AXSUSDT On Tradingview.com<\/p>\n
The price of AXS has continued to range in a channel having resistance at $19.3.\u00a0<\/p>\n
AXS is trading above the 50 and 200 EMA with prices of $18.4 and $17.3, acting as its support on the 4H chart should the price of AXS gets rejected due to the weekend sell-off.<\/p>\n
If the price of AXS holds above the support of 18.4 with the good volume, we could see prices trending and breaking out of the range channel. If AXS experiences a sell-off, 50 and 200 EMA prices would support AXS prices.<\/p>\n
Four-Hourly (4H) resistance for AXS price \u2013 $19.3.<\/p>\n
Four-Hourly (4H) support for AXS price \u2013 $18.4, $17.3.<\/p>\n
Featured image from Coin News, Charts from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
<\/p>\n
The price of Axie Infinity (AXS) has struggled recently with a few bullish signs against Tether (USDT) despite market sentiments around the project.<\/p>\n
As a result of the \u201cMerge\u201d sentiments, this has led to many altcoins showing relief rallies and newer altcoins making all-time highs; the price of Axie Infinity has struggled to rally despite many expectations on AXS holders.<\/p>\n
The Merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) to increase its network efficiency in transactions. (Data feeds from Binance)<\/p>\n
Axie Infinity (AXS) Price Analysis On The Weekly Chart
\nWeekly AXS Price Chart | Source: AXSUSDT On Tradingview.com<\/p>\n
From the chart, the price of AXS saw a weekly low of around $14.2, which bounced from that area and rallied to a price of $18.<\/p>\n
The price has built more momentum as it faces resistance at $19.3.<\/p>\n
If the price of AXS on the weekly chart continues with this structure, it could quickly revisit $18, acting as a good support area for buy bids.<\/p>\n
Weekly resistance for the price of AXS \u2013 $19.3.<\/p>\n
Weekly support for the price of AXS \u2013 $14.<\/p>\n
Price Analysis Of AXS On The Daily (1D) Chart
\nDaily AXS Price Chart | Source: AXSUSDT On Tradingview.com<\/p>\n
The price of AXS found strong support at around $17.5, which seems to be an area of interest on the daily chart.<\/p>\n
AXS bounced from its support and has rallied as it faces resistance at $19.3. The price of AXS has continued to range in a channel; breaking out of this channel could send the price of AXS to $28.<\/p>\n
At the point of writing, the price of AXS is $19.27, above the 50 Exponential Moving Average (EMA) with a price of $17.5.<\/p>\n
If the price of AXS holds the support of $17.5 successfully, we could see the price trending higher with a successful breakout of the channel; if the price of AXS gets rejected, $17.5, which corresponds with 50 EMA, will be good support for buys.<\/p>\n
The Relative Strength Index (RSI) for the price of AXS on the daily chart is above 55, indicating healthy buy bids for AXS.<\/p>\n
Daily (1D) resistance for AXS price \u2013 $19.3.<\/p>\n
Daily (1D) support for AXS price \u2013 $17.5.<\/p>\n
Price Analysis OF AXS On The Four-Hourly (4H) Chart
\nFour-Hourly AXS Price Chart | Source: AXSUSDT On Tradingview.com<\/p>\n
The price of AXS has continued to range in a channel having resistance at $19.3.\u00a0<\/p>\n
AXS is trading above the 50 and 200 EMA with prices of $18.4 and $17.3, acting as its support on the 4H chart should the price of AXS gets rejected due to the weekend sell-off.<\/p>\n
If the price of AXS holds above the support of 18.4 with the good volume, we could see prices trending and breaking out of the range channel. If AXS experiences a sell-off, 50 and 200 EMA prices would support AXS prices.<\/p>\n
Four-Hourly (4H) resistance for AXS price \u2013 $19.3.<\/p>\n
Four-Hourly (4H) support for AXS price \u2013 $18.4, $17.3.<\/p>\n
Featured image from Coin News, Charts from TradingView.com<\/p>\n
<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-5549","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=5549"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/5549\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=5549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=5549"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=5549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}