Connect with us

Axie

Axie Infinity price analysis: Price retraces back to $135.04 as bulls regain strength

Published

on

  • The price has improved up to $135.04.
  • Axie Infinity price analysis supports buyers.
  • Support is sufficiently strong at $130.92.

The latest Axie Infinity price analysis shows signs of a bullish trend, as the price has managed to escape the downtrend. The bullish comeback has resulted in the price levels going up to the $135.5 mark. The past two weeks proved quite damaging for the overall coin value, but the bulls are now back on track for recovery. The hourly prediction, on the other hand, is not promising as a bearish price movement has been recorded.

AXS/USD 1-day price chart: Bulls fight for recovery as price heightens to $135.04 level

The one-day Axie Infinity price analysis is showing increasing chances of recovery for the bulls. The bullish momentum has been restored today which has created favorable circumstances for the buyers. Although a downtrend was at its peak previously, today’s trend is going relatively on the bullish side and the price is now touching the $135.05 mark. The moving average (MA) value in the one-day price chart is standing at $142.1.

Axie Infinity price analysis: Price retraces back to $135.04 as bulls regain strength 1

A crossover between SMA 50 and SMA 20 was recorded earlier because of the downswing. The decrease in volatility has shifted the upper Bollinger band value to $158.5 and the lower Bollinger band value to $130.92. The Relative Strength Index (RSI) score is at an average position of 47.33.

Axie Infinity price analysis: Bears drag down price to $135.06 low after return

The bears have succeeded in making a strong comeback in the last few hours. The price is going low as the bearish pressure is constantly increasing. A significant drop in price has taken place during the last four hours. The price is now present at $135.1 level and further downflow is to be expected in the approaching hours. The moving average value is still at quite a stable position in the four hours price chart i.e. $134.18.

Axie Infinity price analysis: Price retraces back to $135.04 as bulls regain strength 2
AXS/USD 4-hours price chart. Source: TradingView

The Bollinger Bands Indicator is now showing an average value of $138.6. Whereas, the upper Bollinger band value has moved up to $148.16 and the lower Bollinger band value has moved down to $129 because of the increase in volatility. The RSI score has dropped down to 41.81 because of the decreasing trend.

Axie Infinity price analysis: Price retraces back to $135.04 as bulls regain strength 3
AXS/USD technical indicators chart. Source: TradingView

The overall trend for cryptocurrency is going towards the neutral side. The technical indicators chart for AXS/USD is giving out a relatively neutral signal today. A total of 10 indicators are occupying the selling position while eight indicators are on the neutral as well as the buying position.

The moving averages indicator is giving out a selling signal because of the downward trend. We can see six indicators are on the buying point, eight indicators are on the selling point, and one indicator is on the neutral point. The Oscillators are also giving a neutral signal as seven indicators are on the neutral level, while two indicators each are on the selling and buying levels.

Advertisement

Axie Infinity price analysis conclusion

A substantial amount of increase in AXS/USD value has been reported today, as the bulls have successfully made a comeback. The increase is up to $135.05, as the bulls are trying to secure their lead once again. The four hours price analysis is showing a negative trend as the price has covered downward movement in the last four hours.

News Source

Advertisement

Axie Infinity

Axie Infinity price upside potential limited as AXS struggles to tackle tough hurdles

Published

on

  • Axie Infinity price could see its rally hindered by various headwinds ahead.
  • There are two key hurdles for AXS to overcome to target higher prices and revisit its all-time high.
  • A major decline could be on the radar if Axie Infinity falls below $122

Axie Infinity price sees little hope of trending higher as a few obstacles emerged, prohibiting AXS from targeting bigger aspirations. The gaming token must hold above $122 to prevent a massive sell-off. 

Axie Infinity price to confront key obstacles 

Axie Infinity price has formed a parallel channel on the daily chart, as it continued to consolidate since October 4. After AXS reached its all-time high at $165 on November 6, trading activity waned as the token tests the reliability of the support at the lower boundary of the governing technical pattern.

The fact that Axie Infinity price has been able to hold onto the downside trend line of the parallel channel as support at $122 suggests that AXS is unlikely to fall further unless a catastrophic sell-off takes place. However, the token’s upside potential is severely limited unless it tackles several obstacles ahead.

Axie Infinity price sliced below the 21-day Simple Moving Average (SMA) on November 16 and the 50-day SMA on November 18, as AXS momentum weakened. The 50-day SMA at $133, and the 21-day SMA at $136 currently act as stiff resistance for the gaming token.

Advertisement

Another hurdle for Axie Infinity price may appear at the 78.6% Fibonacci retracement level at $140. Only if AXS is able to overcome the aforementioned challenges will see the token rise toward the middle boundary of the prevailing chart pattern at $145.

An increase in buying pressure may push Axie Infinity price higher toward the October 4 high at $155.

AXSUSDT

AXS/USDT daily chart

If the bears continue to control the market, Axie Infinity price may discover its first line of defense at the lower boundary of the chart pattern at $122. Additional support may appear at the 61.8% Fibonacci retracement level at $120.

Advertisement

Although the two aforementioned support levels will act as meaning footholds for Axie Infinity price, a significant increase in sell orders may see AXS slide toward the 100-day SMA at $106.

News Source

Advertisement
Continue Reading

Axie

Live about Axie Infinity to give away 10 spots for Coingoback school on Black Friday

Published

on

To celebrate Black Friday, Coingoback’s Axie Infinity School will raffle 10 people in the live from today (11/25) at Cointimes Twitch, that starts at nine-thirty at night (9:30 pm).

Axie Infinity is the best known game of the play-to-earn model, and Play is a “school” of Coingoback that opens up opportunities for its users to play for free.

Created to offer cashback to users who usually buy online, Coingoback is a Cointimes platform that now gives you the chance to earn money by playing, just apply to Play and receive your Axie Infinity account.

Advertisement

Play is a product within Coingoback, but it’s not called a school by accident, there’s a team ready to teach you everything you need to know about the game and how to be efficient at SLP farming.

Every fortnight, players receive their share (30% to 50% of the SLPs earned, depending on their performance) converted to bitcoin in their Coingoback accounts, where they can withdraw to any wallet whenever they like.

There are currently about 200 players earning money with Play. But, as expected, there is a large queue of users who also want to join.

Advertisement

Therefore, the easiest way to get a seat on Coingoback Play is by watching the lives on Twitch, which usually has a lot raffle. This Thursday (25), the draw is a special Black Friday and ten places will be awarded.

News Source

Advertisement
Continue Reading

Axie

Axie Infinity’s digital land sells for $2.5 million, boosting AXS price uptrend

Published

on

  • Axie Infinity is the most traded NFT collection in Q3 2021, emerging as the second most popular blockchain gaming token. 
  • Digital land plot on Axie Infinity metaverse sold for 550 ETH, a record high in the play-to-earn gaming ecosystem. 
  • Sky Mavis, developers of Axie Infinity, plan to sell 90,000 plots of land to create news games within the ecosystem. 

Axie Infinity is one of the most popular blockchain games among Ethereum whales. AXS token has posted 85% gains over the past 90 days. The game developers plan on nurturing the play-to-earn gaming ecosystem by powering new games on digital plots of land. 

Digital plot of land sells for 550 ETH on Axie Infinity 

Axie Infinity, the play-to-earn game, rewards players with tokens for winning battles and conquests. The blockchain game relies on the addition of new players in the ecosystem for the Axie economy’s growth, therefore analysts question the sustainability of the game. 

Sky Mavis, the Axie Infinity developers, plans to sell 90,000 plots of digital land in the game’s ecosystem. Developers have an opportunity to buy these digital plots and build their blockchain games in the Axie Infinity ecosystem. 

The popular metaverse game recently hit a milestone, selling a digital plot for 500 ETH, or the equivalent of $2.5 million. Axie Infinity has confirmed that this is the highest price for a digital plot of land in the metaverse. 

Advertisement

Back in February 2021, Axie Infinity sold nine plots of digital land for $1.5 million. 

AXS token has struggled to recover from a nearly 20% drop below its all-time high of $164.90. Eric Krown, a cryptocurrency analyst, is bullish on AXS price and expects a recovery. Krown has set a target of $180 for AXS price. In his recent YouTube video, Krown said:

Advertisement

Axie Infinity has more or less a bullish setup… A daily closure above $150 or so will imply a target above $180, a little bit higher than that actually.

News Source

Continue Reading