Will AXS Price Break Through the Crucial Levels?

Will AXS Price Break Through the Crucial Levels?

Key Takeaways: 

  • The AXS price closed the previous day’s trade at $47.39 with a market capitalization of $3.24 billion and a circulating supply of 60,907,500 AXS 
  • The price is forming constant lower highs and lows maintaining a strong descending trend for pretty long time 
  • Yet a notable flip from the bearish trend may be expected to test the local support and attempt a strong rebound

Axie Infinity(AXS)/USDT Technical Analysis at a Glance

The popular NFT token remained pretty silent till the end of Q2 2021 and exploded to its highs beyond $160 very quickly. However ever since then, the asset is following a notable bearish trend by following a strong descending channel. The short-term flips from the bearish divergence are not positively impacting the price as the asset has slashed significantly for a long time. 

Short-Term The short-term forecast is extremely bullish as the price appears to have rebounded from the lows
Mid-Term The price is preparing to flip from the bearish trend and hence may attempt shortly
Long-Term  AXS price just reached the lower bands and is trying hard to sustain the flip from the bearish divergence. 

Additional Read: Axie Infinity(AXS) vs Decentraland(MANA)

Axie Infinity Technical Indicators & Pivot Levels

The Axie Infinity price is somewhat bullish in the short-term but in the long term, the asset is extremely bearish. Multiple indicators are extremely bearish in the long term and hence a huge plunge may be imminent after a minor jump in the short term. 

Technical Indicators

Technical Indicators Value(1Hr / 1D) Action (1Hr / 1D)
Relative Strength Index(RSI) 50.8 / 39.7 Neutral / Sell
MACD(12,26) -0.871 / -3.4 Sell / Sell
Average Directional Index(ADX) 39.029 / 24.3 Neutral / Sell
Bull-Bear Power 0.86 / -12.09 Buy / Sell

The RSI in both time frames is on or below the average levels. In the short-term, the price appears to be uncertain and hence is neutral while in the long term, it’s extremely bearish. On the other hand, the MACD is bearish in both time frames but in the short-term, some amount of buying volume is accumulated which may give an interim push to the price. Yet the ADX, the strength indicator, is neutral in STF but indicates a weakened rally ahead. Also, the bulls may take control presently but bears could dominate the rally very soon. 

Pivot Levels

Pivot Levels Short-Term Long-term
Moving Average(MA)-50 $51.5 $62.23
Moving Average(MA)-200 $56.7 $92.38
Resistance $55.54 $81.72
Support $44.93 $36.20

The current AXS price is around $49.56 is very close to the 50-day MA levels in the short term, which may be tested and cleared in a while. However, the next target would be the immediate resistance at $55.54, clearing which the path towards 200-day MA levels may be clear. Once these levels are cleared a strong uptrend may be certified which escort the price towards the long term targets of the MA levels. However, the support is pretty distinct and an acute plunge may lead its way down. 


Oscillators Short-Term Long-Term
Stochastic Oscillator 59.4 31.88
Ultimate Oscillator 56.4  35.9
Average True Range(ATR) 1.32 5.4
CCI 102.7 -164.05

The Ultimate Oscillator is a range-bound indicator that considers three different MA levels and lets out the overbought and oversold signals. In the short-term, the levels are stuck up in the middle but heading towards the north, hence bullish, while long-term, it’s extremely bearish. On the other hand, the Stochastic Oscillator which calculates the average of the price in a predetermined time frame is bullish in the short-term while bearish in the long term. 

On the other hand, the volatility indicator ATR indicates less volatility in both the time frames and hence no drastic change may occur with the price. And CCI which is used to know the overbought or oversold or trend reversals and also identify new trends or extreme conditions is also bullish in STF and bearish in HTF. 

AXS Technical-Analysis for Short-Term(AXS/USDT on a 4-hour Chart)

Source: Trading View

  • The AXS price in the 4-hr time frame appears to be pretty bearish as the price is trending within a notable descending trend
  • The NFT has flipped in the early trading hours quickly after hitting the lower support levels and is now on the path heading towards the upper resistance
  • The price is expected to range high to test the upper resistance at $52 to $54 post which the asset could be retracted towards the lower support yet again
  • Until and unless a huge influx of liquidity is infused into the platform the AXS price may continue to trend within the same descending channel

Additional Read: Daily Crypto News, 22 February, 2022

AXS Technical-Analysis for Long-Term(AXS/USDT on a Yearly Chart)

AXS Technical Analysis

Source: Trading View

  • With the recent slash, the AXS price had sliced through the trend line that it followed for quite a long time
  • However, an attempt to regain the levels above the trend line is witnessed at the press time with a significant buying volume being accumulated
  • Yet the price is still unable to make it above the line as the bears are also pretty active and are utilizing all their resources to keep the price below the levels
  • Therefore, with a slight change in the trend, the AXS price may quickly jump in action to range high and test the upper resistance at $81.75 by the end of Q1 or at the beginning of Q2 2022. 

Axie Infinity(AXS)/USDT Technical-Analysis for Today: 22 February 2022

The Axie Infinity price is maintaining a notable descending trend from the past many days and the recent plunge dragged the price much lower beyond the support levels. However, after hitting the monthly lows, the asset quickly flipped and is currently attempting to test the crucial resistance yet again. However, currently, the power of bulls and the bears appear to be pretty equal, and hence if any among both get exhausted, the other may thrive in the next couple of hours. 

At the press time, the Axie Infinity(AXS) price is around $49.51 with a huge drop of 7.95% compared to the previous day’s close. The trading volume also remained dropped by more than 46%, recording half a billion while the market capitalization has plunged by more than 7%, yet registering above $7 billion. 

Where & How to Buy Axie Infinity(AXS) 

You can buy or sell your desired cryptocurrency with ease and at a very affordable cost, here on CoinDCX. We are the most trusted cryptocurrency exchange in the country and also the very first crypto Unicorn. To start your journey here, you need to first download the CoinDCX App and enter the required details. The platform verifies your details and once done, fund your wallet and start trading. Simple!

Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


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