The Axie Infinity price analysis reveals that, due to the bulls’ efforts to maintain their lead, the price has been trading at a high level for the past few days. Today has seen an advance as well, with the price rising to the $9.2 mark under the continued pressure of the bulls. The coin value has benefited from this since the finest recovery opportunities have been made available. In the hours to come, it’s anticipated that the price will rise much more.
AXS/USD 1-day price chart: AXS reclaims $9.2 position
The one-day Axie Infinity price analysis confirms an upward price movement for today, as the price has increased to $9.2. Over the past few days, the price has been moving upward. After reclaiming their lead for the past eight hours, the bulls were able to raise the price to $9.2. The moving average (MA) is trading $8.78 below the price level while the price has risen over the upper limit of the Bollinger bands.
Another positive indicator is that volatility has risen during the day. As a result, the value of the upper Bollinger band has now increased to $9.1, while the value of the lower Bollinger band has decreased to $8.05. Indicating the market’s significant buying activity, the Relative Strength Index (RSI) score has increased and is now at index 60 on a steep upward curve.
Axie Infinity price analysis: Recent developments and further technical indications
The four-hour Axie Infinity price analysis is declaring the bullish lead as the price has improved consistently. Since the past few hours, an upward trend has been observed as the price has moved up to the $9.2 level. The price has increased significantly as the bullish momentum has been intensifying during the last eight hours. The bullish progress is over whelming as despite the fact that the price decreased at the start of the day, they have shown tremendous performance. The moving average, in the four hours price chart, is standing at the $9.02 level above SMA 50.
As a result of the rise in volatility, the upper Bollinger band’s value has moved to $9.3 and the lower Bollinger band’s value to $8.62, both of which indicate significant volatility. Near the edge of the overbought range, at index 66, the RSI is maintaining an upward trajectory.
Axie Infinity price analysis conclusion
The price experienced a bullish development today, as confirmed by the one-day and four-hour Axie Infinity price analysis. After yesterday’s pullback, the bulls are now back on course, as seen by their ability to raise the price to $9.2 in the past day on the basis of today’s trend turning bullish. In the upcoming hours, it is probable that the cryptocurrency will continue to rise steadily.
