This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX. The indicator is the average of the expanding price range values. It helps to measure the overall strength of the trend. Let us now look Average Directional Index (ADX) of Axie Infinity (AXS). Axie Infinity (AXS) Price Prediction 2022 - ADX, RVI However, this gives confidence to the traders to trade without any fear. This means that AXS is in a nearly oversold state. Meanwhile, the relative strength index (RSI) of the AXS is at level 49.40. There is a possibility of a reversal trend of AXS at any time. Notably, the AXS price lies below 50 MA (short-term), so it is completely in a downward trend. Moreover, the Moving Average (MA) of Axie Infinity (AXS) is shown in the above chart. Currently, the RVOL of AXS lies below the cutoff line, indicating weaker participants trading in the current trend.ĪXS/USDT RVOL, MA, RSI (Source: TradingView ) It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. The Relative Volume (RVOL) of Axie Infinity (AXS) is shown in the chart below. Axie Infinity (AXS) Price Prediction 2022 - RVOL, MA, and RSI If this trend continues, AXS might run along with the bulls overtaking its resistance level at $168.20.Īccordingly, if the investors turn against the crypto, the price of the AXS might plummet to almost $6.10, a bearish signal. The charts show that AXS has performed a bullish trend over the past month. The chart below shows the support and resistance levels of AXS.ĪXS /USDT Support and Resistance Level (Source: TradingView )įrom the above daily time frame, we can clearly interpret the following as the resistance and support levels of Axie Infinity (AXS). Axie Infinity (AXS) Support and Resistance Levels
If the trend reverses, then the price of AXS may fall to $12.50. If the pattern continues, the price of AXS might reach the resistance level of $17.45, $24.47, and $28.30. Descending channels, like ascending channels, are a tool for determining whether the trend in price will continue.Ĭurrently, Axie Infinity (AXS) is at $15.84. When the price is around the upper trend line, look for short opportunities, although aggressive traders could trade long and short at both trend lines looking for a bounce or pullback.Īnother way to trade this pattern is to wait for the price to break through either trendline. The upper line is identified first, as running along with the highs and is called the trendline. The descending channel pattern is also known as a falling channel or channel down. AXS/USDT Descending Channel Pattern (Source: Tradingview )Ī descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. AXS price prediction 2022 is explained below with a daily time frame. Axie Infinity (AXS) Price Prediction 2022Īxie Infinity (AXS) holds the 43rd position on CoinGecko right now. By playing this game, users earn AXS and SLP tokens and later exchange those for other cryptocurrencies. This P2E NFT game includes the Axies, native NFTs, and another governance token, Smooth Love Potion (SLP). The token also exists as a BEP-20 token, compatible with the Binance Smart Chain (BSC).Īxie Infinity was launched by the Vietnam-based Sky Mavis on the Ethereum blockchain in 2018. AXS was launched as an ERC-20 token in November 2020. What is Axie Infinity (AXS)?Īxie Infinity (AXS) is the governance token of Axie Infinity, an Ethereum-based play-to-earn (P2E) NFT game. Currently, AXS trades in cryptocurrency exchanges such as Binance, FTX, Gate.io, Coinbase, Bitfinex, KuCoin, Gemini, Bitstamp,, OKX, Huobi Global, Bybit, and Kraken. Moreover, Axie Infinity (AXS) has a circulating supply of 87,801,026 AXS. However, AXS has increased to 9.3% in the last 24 hours. Axie Infinity (AXS) Current Market StatusĪccording to CoinGecko, the price of AXS is $16.55 with a 24-hour trading volume of $163,316,402 at the time of writing. In Axie Infinity (AXS) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about AXS to analyze the future movement of the cryptocurrency. AXS’s bearish market price prediction for 2022 is $6.10.The AXS price will also reach $200 soon.Bullish AXS price prediction is $15.85 to $168.20.Posted on J(July 28, 2022), 10:36 am by Cianna Joy 1 day ago | 8 mins read Price Prediction
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