In this Axie Infinity technical analysis, we will examine the current price action, trading volume, key levels and indicators for AXS-USDT. Axie Infinity (AXS) is a cryptocurrency that has gained significant attention due to its innovative play-to-earn model, which allows users to earn tokens by playing and breeding digital pets. The platform has attracted millions of players worldwide, and its token has seen a significant increase in value since its launch. Axie Infinity’s unique approach to gaming and tokenomics has positioned it as a leader in the blockchain gaming industry.
Axie Infinity Price Overview:
As of October 02, 2023, Axie Infinity is trading at approximately 4.56 USDT. Let’s dive into the detailed price action for AXS-USDT:
| Metric | Value |
|---|---|
| Open (O) | 4.78 |
| High (H) | 4.8 |
| Low (L) | 4.47 |
| Close (C) | 4.56 |
| Volume (C) | 883,547.61 |
- Open (O): The opening price for today’s trading session was approximately 4.78 USDT.
- High (H): Axie Infinity reached a daily high of around 4.8 USDT.
- Low (L): The daily low for AXS-USDT was approximately 4.47 USDT.
- Close (C): At the time of analysis, Axie Infinity is trading near its daily close of 4.56 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.60% |
| 3D Change (%) | -0.65% |
| 7D Change (%) | -0.87% |
| 30D Change (%) | 1.33% |
| 90D Change (%) | -25.85% |
| YTD Change (%) | -24.50% |
Over the past three days, AXSUSDT has decreased by approximately -0.65%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -0.87%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with AXSUSDT maintaining an upward trend of approximately 1.33%, despite intermittent fluctuations. Examining the last 90 days, AXSUSDT has witnessed substantial decrease of approximately -25.85%, reflecting strong long-term confidence. Year-to-date, AXSUSDT has steadily depreciated by around -24.50%, 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 0.51744.
- Momentum score is 0.01333.
AXS USDT Technical Analysis
Axie Infinity Trading Volume:
The trading volume for Axie Infinity (AXS) over the past 24 hours has been significant, with approximately 883,547.61 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 44.51713. 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 significant trading volume are low signals for potential downward movement.
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.
