$AXS

Axie Infinity (AXS) is facing mixed sentiment today, with a potentially bearish outlook in the short term due to significant token unlocks. This October, over $71 million worth of AXS tokens (about 11.5% of its circulating supply) are being unlocked. This move could increase selling pressure, affecting price performance as the market absorbs the new supply. However, AXS has shown recent ecosystem growth, including staking increases and deflationary measures like burning 43 million SLP tokens.

Technically, AXS indicators suggest a neutral or slightly bullish trend. Key technical signals, such as the Relative Strength Index (RSI), suggest buying pressure, but many indicators remain neutral.

For now, the market remains cautious, with potential for both short-term dips and long-term recovery. Keep an eye on market reactions to the token unlocks.
#AXSBULLISH #AXS🔥🔥🔥 #AXSRising #HBODocumentarySatoshiRevealed #10MTradersLeague $AXS

$AXS USDT LONG — Free signal

Entry price: 4.502.

Take Profits: Min 50%.

Leverage: 15-50.
Stop: 4.308.

‼️In each trade, open a position for no more than 5% of the deposit! The higher the leverage, the higher the risk, don't forget! If you have little experience, trade small amounts and maximum with x2-3 leverage!‼️
Boost

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#BullRunAhead #AXSBULLISH
My first post is going to be about Axs being bullish. I have been studying it for quite a long time now and i think it's going to be the time for AXS to fly to 200$ in a few months. Been low volume and getting accumulated in large quantities.
#axsinfinity

LONG *AXLUSDT* 🚀 🌙

BUY - 1.395-1.38

Take Profit at desired levels

MAX Upside - 1.70 (20%)

Leverage 8-10X

STOPLOSS - 1hrly Candle close below 1.19

#AXL #AXSBULLISH #AXLUSDT #AXLInvestingTips

Understanding Axie Infinity

Axie Infinity is a popular blockchain-based gaming platform that allows players to breed, battle, and trade digital creatures called Axies. The platform's native token, $AXS , plays a crucial role in its ecosystem, serving as a governance token and rewarding players.

Triple Bottom Formation

As seen on the chart, it reveals a promising technical pattern for AXS: a triple bottom formation. This pattern occurs when a price forms three consecutive lows at approximately the same level, often signaling a potential reversal from a downtrend.

Accumulation and Distribution

As seen in the chart, I also highlighted distinct accumulation and distribution zones. This accumulation zone, marked by a period of sideways trading with lower volume, suggests that investors are gradually buying $AXS at a relatively low price. The distribution zone, is where price volatility are expectd as the chart indicates a potential upward pressure.

Parabolic Trend

Given the triple bottom formation and the potential for a breakout from the distribution zone, AXS is positioned for a parabolic trend. This means the price could experience a rapid and sustained upward movement.

Target Prices

The chart indicates two ideal target prices and beyond:

* TP1: 75.871
* TP2: 111.963

If $AXS successfully breaks out from the distribution zone and maintains its upward momentum, it could reach these target prices.

In Summary

The triple bottom formation and the potential for a parabolic trend suggest a bullish outlook for $AXS .

Stay tuned for more updates and remember to interact and share your opinions in the comment section.

keep trading with Binance!

#AXS/USDT #AXS #AXSBULLISH