Resource: Newsbtc.com
2 months ago
Date: 13 Aug 2022 - 20:41

The price of Axie Infinity AXS has struggled recently with a few bullish signs against Tether USDT despite market sentiments around the project.As a result of the Merge sentiments this has led to many altcoins showing relief rallies and newer altcoins making alltime highs the price of Axie Infinity has struggled to rally despite many expectations on AXS holders.The Merge is an upgrade on the Ethereum network from ProofOfWork POW to ProofOfStake POS to increase its network efficiency in transactions. Data feeds from BinanceAxie Infinity AXS Price Analysis On The Weekly ChartWeekly AXS Price Chart Source AXSUSDT On Tradingview.comFrom 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.The price has built more momentum as it faces resistance at 19.3.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.Weekly resistance for the price of AXS 8211 19.3.Weekly support for the price of AXS 8211 14.Price Analysis Of AXS On The Daily 1D ChartDaily AXS Price Chart Source AXSUSDT On Tradingview.comThe price of AXS found strong support at around 17.5 which seems to be an area of interest on the daily chart.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.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.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.The Relative Strength Index RSI for the price of AXS on the daily chart is above 55 indicating healthy buy bids for AXS.Daily 1D resistance for AXS price 8211 19.3.Daily 1D support for AXS price 8211 17.5.Price Analysis OF AXS On The FourHourly 4H ChartFourHourly AXS Price Chart Source AXSUSDT On Tradingview.comThe price of AXS has continued to range in a channel having resistance at 19.3.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 selloff.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 selloff 50 and 200 EMA prices would support AXS prices.FourHourly 4H resistance for AXS price 8211 19.3.FourHourly 4H support for AXS price 8211 18.4 17.3.Featured image from Coin News Charts from TradingView.com

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USDT Market Price Change (24H) Market Cap Last 7 Days
39997.79 $ 0 % 760.32 Billion $
3001.33 $ 0 % 360.05 Billion $
1.001 $ 0 % 82.65 Billion $
398.86 $ 0 % 59.29 Billion $
1.004 $ 0 % 50.96 Billion $
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0.122 $ 0 % 31.52 Billion $
0.7024 $ 0 % 30.96 Billion $
82.96 $ 0 % 29.44 Billion $
0.9455 $ 0 % 29.42 Billion $

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