AXS coin prices give a bullish breakout of the supply area at $65 but struggle to surpass the 200-day EMA. Will buyers retain trend control?

Key technical points:
<ul>
 	<li style="font-weight: 400">AXS prices break above the $65 mark.</li>
 	<li style="font-weight: 400">The gaming token prices sustain above the 100-day EMA.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Axie Infinity is $1.013 Billion, marking a 35% rise.</li>
</ul>
<h2>Past Performance of AXS</h2>
AXS coin prices give a bullish breakout of the consolidation range formed above the $50 mark with a price jump of 11% on 23rd March. The rally gains 50% within 72 hours, resulting in the $65 breakout. However, the breakout rally fails to surpass the 200-day EMA resulting in the breakout retest. 

<img src="https://s3.tradingview.com/snapshots/p/Pb4jB0A3.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/Pb4jB0A3/">Tradingview</a>
<h2>AXS Technical Analysis </h2>
AXS prices showcase a high likelihood of a bullish reversal from the $65 resulting in a post-retest. Hence, buyers can shortly observe the prices surpass the $70 swing high and continue the bullish rally.

The bullish rally fails to sustain above the 200-day EMA but finds support at the 100-day EMA. Furthermore, the rally reverses the 50-day EMA trend that may shortly result in a bullish crossover with the 100-day EMA.

RSI Indicator: The RSI slope fails to sustain in the overbought category resulting in the 70% boundary fallout and a dip to the 14-day average line. Hence, the indicator shows a jump in selling pressure, but the retest shows RSI flattening over the 14-day average, indicating a potential bullish reversal. 

In a nutshell, the AXS technical analysis underlines the bullish reversal possibility after the $65 retest with a dragonfly candle in the making. 
<h2>Upcoming Trend </h2>
The AXS coin price shows a higher price rejection candles from the 200-day EMA resulting in a retracement to the $65 support zone. Nonetheless, with a successful retest, the coin price could reach the $90 supply area. 

Support Levels: $56 and $50

Resistance Levels: $75 and $90

AXS Technical Analysis: Sellers At 200-day EMA Enforce $65 Retest

AXS coin prices give a bullish breakout of the supply area at $65 but struggle to surpass the 200-day EMA. Will buyers retain trend control?

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: Sellers At 200-day EMA Enforce $65 Retest

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