Axie Infinity price analysis: Price towers above $142.2 as bulls reclaim the lead

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TL;DR Breakdown

  • AXS/USD value is now at $142.26.
  • Axie Infinity price analysis goes bullish.
  • Support is sufficient at $121.92.

The price is advancing at a rapid pace, as it can be further confirmed from the one-day and four hours Axie Infinity price analysis. The bullish momentum seems to be strengthening, and a sufficient rise in AXS/USD value can be observed. The bulls have taken the price above the $142 boundary in the last 24-hours, as intense buying activity is taking place now.

AXS/USD 1-day price analysis: Price grows beyond $142 as bulls fly high

The one-day Axie Infinity price analysis is encouraging for buyers today, as the bullish trend is dominating the price chart. The price has been advancing quite smoothly for the past few days, and even today, an uptrend has been on the rise. The price has reached its former position, i.e., $142.26, due to the latest development. The moving average (MA) value in the one-day price chart stands at $132.67.

Axie Infinity price analysis: Price towers above $142.2 as bulls reclaim the lead 1
AXS/USD 1-day price chart. Source: TradingView

The volatility is increasing, which is suggestive that the future trends might be on the bearish side. The Bollinger Bands Indicator dictates the following values for the day; the upper Bollinger band value is $160.8, whereas the lower Bollinger band value is $121.92. The Relative Strength Index (RSI) curve moves ascendingly as the score has surpassed the 55 limit.

Axie Infinity price analysis: Bullish rally enhances coin value up to $142.42

The four hours Axie Infinity price analysis predicts a solid bullish trend as a remarkable improvement in AXS/USD value has been recorded. The past few hours have proved to be highly supportive towards the buyers, as more buying activity has taken place. The price is now $142, and it is expected that further advancement will follow in the next few hours. The moving average value has increased up to $136.43.

Axie Infinity price analysis: Price towers above $142.2 as bulls reclaim the lead 2
AXS/USD 4-hours price chart. Source: TradingView

The significant increase in volatility has taken the upper Bollinger band value to $142.01 and has lowered the lower Bollinger band value to $124.6. At the same time, the Bollinger bands average has moved up to $133.302 as well. The RSI curve confirms the upward trend, as the score is now touching 63.91.

Axie Infinity price analysis: Price towers above $142.2 as bulls reclaim the lead 3
AXS/USD technical indicators chart. Source: TradingView

The AXS/USD technical indicators chart confirms the overall progression that the cryptocurrency has made in the past few months. There is a bullish signal with 16 indicators standing on the buying position, eight hands-on the neutral position, and two on the selling position.

The Moving Averages Indicator supports the buyers by giving a solid bullish hint. 13 indicators are on the buying mark, while on the one hand, each is on the selling and neutral marks. The oscillators show similar trends as seven oscillators are on a neutral level, three are on the buying level, and only one is on the selling level.

Axie Infinity price analysis conclusion

A significant rise in AXS/USD value has been observed in the past few days, as a bullish wave is taking over the market. The uptrend has lasted the entire day, as the price has improved to a great level, i.e., $142.26. Similar results are shown by the four-hour Axie Infinity price analysis, as an increasing trend has been going on for the last four hours. This is quite encouraging news for the buyers today.

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.