Axie Infinity is a trading game 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 in the game to buy and sell creatures. Let us look at the technical analysis of AXS.
<h2><strong>Past Performance </strong></h2>
On September 15, 2021, AXS opened at $66.72. As of September 21, 2021, the closing price of AXS was $50.55. Thus, <a href="https://www.cryptoknowmics.com/news/axs-technical-analysis-correction-is-extremely-necessary/">in the past week</a>, the AXS price has been very volatile and has decreased by 24%. In the last 24 hours, AXS has traded between $48.25-$58.41.

<img class="tv-snapshot-image" src="https://s3.tradingview.com/snapshots/l/lCMDE1zS.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/lCMDE1zS/">https://www.tradingview.com/x/lCMDE1zS/</a>
<h2><strong>AXS Technical Analysis
</strong></h2>
At the time of press, AXS is trading at $56.20. The price has surged from its opening price, however, the price is near its support zone. 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. Moreover, we can see another bearish crossover by the MACD line over the Signal line with high volumes. Thus, the overall market momentum is bearish, and we can expect a price to rise for another day or so.

The <strong>RSI</strong> on the daily chart is near the oversold zone. It is at 40.89%. It has taken support from the 30% mark. Thus, it indicates that the selling pressure is mounting up in the market, and is taking over the selling pressure. Hence, we can expect the AXS price to fall for some time.
<h2><strong>Day Ahead And Tomorrow</strong></h2>
The AXS price has clearly broken down from the regression range and is trading near its support range of $49.39, which has acted as a strong support level since July 2021.

As some of the oscillators have shown a bearish signal, we can expect the price to fall and test the <strong>first Fibonacci pivot support level</strong> of $49.39 soon. If the price breaks down from this level, it will highlight the support level at $39.55.

The price has tested and fallen from the <strong>FIB retracement level</strong> of $72.67. If the price rises above this FIB extension level in some time, this implies that the price uptrend is strong. In that case, the price upswing is likely to continue tomorrow as well.

AXS Technical Analysis: Trading Near Its Support Range of $49.39, A Breakdown Can Take It to $39.55

Axie Infinity (AXS) has tested and fallen from the FIB retracement level of $72.67. If the price rises above this FIB extension level in some time, this implies that the price uptrend is strong.

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: Trading Near Its Support Range of $49.39, A Breakdown Can Take It to $39.55

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