Axie Infinity price forecast for today, June 1 – AXS technical analysis

The Axie Infinity price forecast indicates that the coin is bouncing back from the daily opening price of $7.40, with more volatility likely in the future.

Is investing in Axie Infinity worth it?

Axie Infinity, which rewards successful players of an online game, could be a good investment depending on several factors: its potential rebound from its current lows, the timing and extent of that recovery, and whether the Metaverse can regain its popularity in 2021.

Axie Infinity Forecast Statistics Data:

• Axie Infinity price now – $7.46
• Axie Infinity market cap – $1.0 billion
• Axie Infinity Circulating supply – 145.3 million
• Total supply of Axie Infinity – 270 million
• Axie Infinity Coinmarketcap Ranking – No. 82

Access/USD market

Key levels:

Resistance levels: $10, $11, $12

Support levels: $5, $4, $3

ACCESS/USD It is currently trading below the 9-day and 21-day moving averages after hitting a daily high of $7.48. As of now, Axie Infinity is priced at $7.46 and targeting the upper border of the channel. With the recent rebound, the digital asset appears poised to cross above the 21-day moving average, which could start an uptrend.

Axie Infinity Price Prediction: Can AXS Cross $8.0?

Axie Infinity price is likely to achieve a bullish crossover above the 9-day and 21-day moving averages if bullish momentum increases. If AXS/USD breaks above the channel, it could target the $10, $11, and $12 resistance levels, pushing the price higher. Conversely, significant selling pressure may pull the price towards the lower limit of the channel if the bears reassert themselves.

However, if Axie Infinity remains below the moving averages, a downtrend could push the price down to the $5, $4, and $3 support levels. Currently, the 9-day moving average remains above the 21-day moving average, indicating a potential upward movement within the channel.

AXS/BTC is poised to head north

According to the chart, the Axi Infinity The price may rise against Bitcoin. If buyers can push the price above the 9-day and 21-day moving averages and cross the upper border of the channel, the market may start following an uptrend.

However, as buyers return to the market and upward pressure increases, the price could reach the 1400 SAT resistance level and above. Conversely, a downward movement towards the lower border of the channel could push the price down to the 870 SAT support level and below.

Furthermore, @CryptoFaibik informed his 90k followers on X (formerly Twitter) that $AXS has confirmed a major trendline breakout and retest on the 8-hour time frame chart. ✅ This setup looks promising for a potential upside of +40% in the near term. 📈

$access The breakout and retest of the main trend line on the 8-hour time frame chart has been confirmed.. ✅

It looks promising for a +40% upside in the near term. 📈#encryption #AXS #AXSSUSDT pic.twitter.com/VrxIndGIDc

– Captain Faibik (@CryptoFaibik) May 23, 2024

Axi Infinity Alternatives

Axie Infinity (AXS) is showing positive movement today, with its price hovering around the resistance level of $7.46, rising from the low of $7.39. A daily close above the upper border of this channel could push the price up to $8.50. Traders should be aware that a continued increase in prices may attract more buyers if the bulls continue to consolidate their positions. Axie Infinity is currently ranked as the 82nd coin in terms of $1 billion market cap, and is maintaining a slightly upward trend. at the same time, Dodgers The pre-sale, a multi-chain meme coin, has raised over $15 million, providing investors with a unique opportunity to join this pioneering revolution.

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