Axie Infinity value Forecast for June 24: AXS/USD Inches Higher
AXS/USD rose to the top of the crypto daily mover list. This crypto moved roughly 14% up in price. The AXS/USD dethroned Enjin to claim the top spot on the daily mover list today.
Axie Current Price: $17
Axie Market Capitalization: 1.4 Billion
Axie Total Supply: 270 Million
Axie Rank: 37
Key Levels:
Resistance: $17, $20, $30
Support: $16, $15, $14
AXS/USD Value Forecast: Axie Infinity Bulls Providing some Thrusts
Examining the AXS/USD 4-hour chart, the bulls seem to have delivered the crypto price from the jaws of a downtrend. This is so because the most recent candle stick formed above the Exponential Moving Average curves. However, the Value activities of this crypto still indicate that the bulls are having a tough time. Consequently, this may cause the bulls to weary out any time soon.
Adding to this, the Relative Strength Indicator shows that Axie has already reached the highly bought region. This is so because the faster RSI curve has reached the 100% mark while even the slower one has reached the 88% mark. Both these mentioned marks are far into the highly bought region, therefore this confirms the nearness of a downtrend.
AXS/USD Value Forecast: Indecision in Axie Market
On the AXS/USD daily chart, we can see the EMA curves perching on the last candlestick. The activities of the EMA curves is indicating that there is indecision in the market. Eventually, if the EMA curves should intersect each other above the next candlestick, this may cause AXS/USD value to find lower supports at $16 and $15. Otherwise, should the EMA curves intersect one another below the next candlestick this may push AXS/USD value up to $18 and $19.
In addition, the RSI curves are approaching each other, and it appears that it will result in a downtrend. Therefore, it is most likely that the market will be trending downwards. So, traders who bought the crypto earlier on may be preparing a short order.
Finally, traders might have to wait a little longer to make the right trading decisions.
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