In this Axie Infinity technical analysis, we will examine the current price action, trading volume, key levels and indicators for AXS-USDT. Axie Infinity is a blockchain-based collectible game that utilizes non-fungible tokens (NFTs) to represent unique digital pets known as “Axies.” These Axies can be bred, raised, and battled against other players, creating an engaging and interactive gaming experience. With its innovative use of NFTs and its focus on community building, Axie Infinity has gained a dedicated following among gamers and cryptocurrency enthusiasts alike.
Axie Infinity Price Overview:
As of May 20, 2024, Axie Infinity is trading at approximately 7.158 USDT. Let’s dive into the detailed price action for AXS-USDT:
| Metric | Value |
|---|---|
| Open (O) | 7.071 |
| High (H) | 7.371 |
| Low (L) | 6.959 |
| Close (C) | 7.158 |
| Volume (C) | 413,236.37 |
- Open (O): The opening price for today’s trading session was approximately 7.071 USDT.
- High (H): Axie Infinity reached a daily high of around 7.371 USDT.
- Low (L): The daily low for AXS-USDT was approximately 6.959 USDT.
- Close (C): At the time of analysis, Axie Infinity is trading near its daily close of 7.158 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.22% |
| 3D Change (%) | -3.84% |
| 7D Change (%) | 4.94% |
| 30D Change (%) | -6.31% |
| 90D Change (%) | -12.39% |
| YTD Change (%) | -19.03% |
Over the past three days, AXSUSDT has dropped by approximately -3.84%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 4.94%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AXSUSDT maintaining a downward trend of approximately -6.31%, despite intermittent fluctuations. Examining the last 90 days, AXSUSDT has witnessed substantial drop of approximately -12.39%, reflecting strong long-term confidence. Year-to-date, AXSUSDT has steadily depreciated by around -19.03%, 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-USDT 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 0.53536.
- Momentum score is 0.0021.
AXS USDT Technical Analysis
Axie Infinity Trading Volume:
The trading volume for Axie Infinity (AXS) over the past 24 hours has been insignificant, with approximately 413,236.37 USDT 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-USDT is currently in the low zone, around 44.70993. This suggests that Axie Infinity is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Axie Infinity (AXS-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Understand Axie Infinity’s (AXSUSDT) growth potential at 7.16 USDT with detailed bullish technical analysis, highlighting strong support and promising indicators.
Missing our detailed breakdown on AXS BTC 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.