AXS Price Prediction: Will Bulls Succeed In Maintaining Above $8?
AXS price showed a rejection from the top and retested the channel lows of $7 in the recent sessions. However, buyers succeeded in holding the gains, leading a smart recovery, and noted a hammer candlestick on the 50-Day EMA support zone. At present, AXS price is near the channelâs mid and is waiting for a follow-on buying momentum to carry forward the gains. Besides that, the Axie Infinity token has ended the correction and noted a recovery during the crypto market pump.
AXS price is trading close to the 20-Day EMA and is inside the rising parallel channel for the past sessions. However, the trend is intact, and buyers are eyeing to surpass the immediate hurdle of $10. Recently, profit booking was witnessed, and sellers have persisted in adding short positions, which led AXS price toward the 50-Day EMA zone.
At press time, Axie Infinity AXS) was trading at $8.16 with an intraday gain of 5.63%, showing a pullback and exhibiting neutrality. Moreover, the trading volume jumped by 19.80% to $63.69 Million, highlighting mixed sentiments. The pair of AXS/BTC was noted at 0.000184 BTC, while the market cap is $499.47 Million. Analysts have maintained a neutral rating and suggest that the AXS price will surpass $10 soon.
AXS on Daily Chart Displays Higher Highs
On the daily charts, AXS price showcased a sharp rejection from the supply zone of $11 and has retested the 50-day EMA mark near the channel lows. However, the trend is strong, and buyers are willing to surpass the immediate swing barrier of $9 to resume the fireworks.
#AXSBoom #XAI #AXSRising $BTC $SOL $AXS
