Axie Infinity is a trading game that is built on blockchain technology. The players on the platform partially own this platform. Axie Infinity allows players to collect, breed, and raise creatures inside the game. The AXS token is used as a tradable token inside the game, used to buy and sell creatures. Let us look at the technical analysis of AXS.
<h2><strong>Past Performance </strong></h2>
On September 22, 2021, AXS opened at $50.60. As of September 28, 2021, the closing price of AXS was $68.95. Thus, <a href="https://www.cryptoknowmics.com/news/axs-technical-analysis-price-aims-higher-above-the-85-mark/">in the past week</a>, the AXS price has been very volatile and has surged by approximately 36%. Whereas in the last 24 hours, AXS has traded between $63.84-$72.93.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/3/3vdvlZRl.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/3vdvlZRl/">https://www.tradingview.com/x/3vdvlZRl/</a>
<h2><strong>AXS Technical Analysis </strong></h2>
At the time of press, AXS is trading at $68.88. The price has surged by approximately 6% from the opening price. Thus, the market has been in a bullish mode since the past week.

On the daily chart, the <strong>MACD and signal lines</strong> are below the zero range. However, we can see another bullish crossover by the signal line over the MACD line, with high volumes. Since the lines are near zero level, we can assume a trend reversal on the daily chart. The overall market momentum is bullish, and we can expect the AXS price to rise for another day or so.

The <strong>RSI</strong> on the daily chart is near the equilibrium. It is at 53.59%. It has made a new support at the 46% mark. Thus, it indicates that the buying pressure is mounting up in the market, and is taking over the selling pressure. Hence, we can expect the price to rise for some time.

The price is currently trading near the <strong>Fibonacci pivot resistance point</strong> of $73.12. Which has acted as a strong resistance since April 2021. The price broke and retested this level on the daily chart.
<h2><strong>Day-Ahead and Tomorrow </strong></h2>
If the bears take control of the market, then we can expect the AXS price to fall and test the first support level of $62.60 soon. If the price breaks down from this level, it will highlight the support level at $49.93.

On the upside, the price has to break the<strong> resistance level</strong> at $73.12 and will highlight the next resistance level at $79.59. Traders can take a long position accordingly.

The price is at its all-time high, this implies that the price uptrend is strong. In that case, wait for a retest/pullback to take any long position and taking any trade.

AXS Technical Analysis: Expect the Price to Fall and Test the First Support Level of $62.60 Soon

Axie Infinity (AXS) price has to break the resistance level at $73.12 and will highlight the next resistance level at $79.59. Traders can take a long position accordingly.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

AXS Technical Analysis: Expect the Price to Fall and Test the First Support Level of $62.60 Soon

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