AXS BTC Axie Infinity Technical Analysis

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By Frans van Elst

Axie Infinity logo In this Axie Infinity technical analysis, we will examine the current price action, trading volume, key levels and indicators for AXS-BTC. Axie Infinity is a blockchain-based collectible game that features adorable creatures known as “Axies” which players can breed, raise, and battle. The game’s native cryptocurrency, AXS, serves as the primary in-game currency and is used to purchase Axies, resources, and other items within the game. With its unique blend of gaming and blockchain technology, Axie Infinity has gained a significant following among gamers and crypto enthusiasts alike.

Axie Infinity Price Overview:

As of May 17, 2024, Axie Infinity is trading at approximately 0.00011 BTC. Let’s dive into the detailed price action for AXS-BTC:

Consider bearish sentiment for Axie Infinity (AXSBTC) at 1.10e-04 BTC with technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.00011
High (H) 0.00011
Low (L) 0.00011
Close (C) 0.00011
Volume (C) 19,131.06
  • Open (O): The opening price for today’s trading session was approximately 0.00011 BTC.
  • High (H): Axie Infinity reached a daily high of around 0.00011 BTC.
  • Low (L): The daily low for AXS-BTC was approximately 0.00011 BTC.
  • Close (C): At the time of analysis, Axie Infinity is trading near its daily close of 0.00011 BTC.
Metric Value
1D Change (%) -0.63%
3D Change (%) 1.57%
7D Change (%) -5.83%
30D Change (%) -2.66%
90D Change (%) -28.54%
YTD Change (%) -47.44%

Over the past three days, AXSBTC has increased by approximately 1.57%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -5.83%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AXSBTC maintaining a downward trend of approximately -2.66%, despite intermittent fluctuations. Examining the last 90 days, AXSBTC has witnessed substantial fall of approximately -28.54%, reflecting strong long-term confidence. Year-to-date, AXSBTC has steadily decreased by around -47.44%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Axie Infinity Live Chart:

You can access a live price chart for AXS-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.41599.
  • Momentum score is -0.03934.

AXS BTC Technical Analysis

Axie Infinity Trading Volume:

The trading volume for Axie Infinity (AXS) over the past 24 hours has been insignificant, with approximately 19,131.06 BTC traded against AXS. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): AXS is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Axie Infinity is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for AXS-BTC is currently in the low zone, around 39.5686. This suggests that Axie Infinity is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Axie Infinity (AXS-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Consider bearish sentiment for Axie Infinity (AXSBTC) at 1.10e-04 BTC with technical analysis, highlighting weakened support and cautionary indicators.

Missing our detailed breakdown on AXS USDT Axie Infinity Technical Analysis would be a lost opportunity if you found value in this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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