With the selling activity increasing over the weeks, AXS prices continue to lower lows and recently broke below the crucial support of $20.

Key technical points:
<ul>
 	<li style="font-weight: 400">The AXS coin trades for $20.5.</li>
 	<li style="font-weight: 400">The Stochastic RSI shows a bearish crossover.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Axie Infinity is $824 Million, indicating a 22% hike. </li>
</ul>
<h2>Past Performance of AXS</h2>
Over the last three months, <a href="https://www.cryptoknowmics.com/news/axs-technical-analysis-bulls-horrified-as-axs-dips-below-30/">AXS</a> buyers have been aggressively fighting their $44.2 support. In the end, due to the widespread selling in the crypto market, the AXS holder could not maintain this support on the 25th of April. The downfall accounts for a devaluation of 71% over the last month, with the recent fall under $20.

<img src="https://s3.tradingview.com/snapshots/w/w1Pdep6l.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/w1Pdep6l/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>AXS Technical Analysis </h2>
With the AXS buyers stepping in at the $16 support level, the bullish recovery retains the $20 support level. Nevertheless, the underlying weakness in the bullish commitment results in a higher price rejection trying to drive the trend back under.

Supertrend Indicator- The super trend indicator shows the market value under the ATR line, reflecting a bearish trend in motion. Moreover, the large spread between price and ATR makes it harder for the bulls to overtake trend control.

Vortex indicator- The VI+ and VI- slope closing in may soon result in a bullish crossover. This buy signal gives an additional confirmation for a pattern breakout. However, the increased ADX value reflects a high momentum trend in motion.

Stochastic RSI- Despite a lower low price-action formation, the K and D lines show a considerable bullish divergence. This divergence bolsters the coin price and could experience a relief rally.

In short, the AXS technical analysis forecasts a potential uptrend above the $20 mark.
<h2>Upcoming Trend</h2>
If AXS buyers can push the price up, the altcoin retests the resistance at $27.6, and a breakout could trigger a further continuation. However, a dynamic resistance trendline could derail the theory of breakouts and throw the altcoin down to $14.3 or even the $11 mark.

Support Levels: $14.3 and $11

Resistance Levels: $24 and $27.6

AXS Technical Analysis: Buyers Struggle To Float Above $20

With the selling activity increasing over the weeks, AXS prices continue to lower lows and recently broke below the crucial support of $20.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

AXS Technical Analysis: Buyers Struggle To Float Above $20

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