Axie Infinity Price Prediction for Today, June 1 – AXS Technical Analysis

adminJune 3, 2024

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Axie Infinity price prediction suggests that the coin is bouncing back from its daily opening price of $7.40, with further volatility likely ahead.

Is Axie Infinity worth investing in?

Axie Infinity, which rewards successful players in online games, could be a good investment depending on a number of factors, including the likelihood of a rebound from its current lows, the timing and extent of the recovery, and whether the metaverse can regain its popularity in 2021.

Axie Infinity Forecast Statistical Data:

Current Axie Infinity price – $7.46
Axie Infinity market capitalization – $1 billion
Axie Infinity Circulating Supply – 145.3 million units
Axie Infinity total supply – 270 million units
Axie Infinity CoinMarketCap Ranking – 82nd

AXS/USD Market

Main level:

Resistance Levels: $10, $11, $12

Support levels: $5, $4, $3

Axie Infinity Price Prediction for Today, June 1 – AXS Technical Analysis — AXSUSD – daily chart

AXS/USD is currently trading below its 9- and 21-day moving averages after reaching a daily high of $7.48. Currently, Axie Infinity is priced at $7.46 and is targeting the channel cap. With the recent recovery, the digital asset looks set to surpass its 21-day moving average and potentially begin a bullish trend.

Axie Infinity Price Prediction: Can AXS Break Above $8.0?

If the bullish momentum increases, Axie Infinity price could potentially achieve a bullish crossover above the 9- and 21-day moving averages. If AXS/USD breaks the channel, the price could move higher, targeting resistance levels of $10, $11 and $12. Conversely, if the downtrend reemerges, significant selling pressure could pull the price towards the lower border of the channel.

Nonetheless, if Axie Infinity stays below its moving average, a bearish trend could push the price lower towards support levels of $5, $4, and $3. Currently, the 9-day moving average is still positioned above the 21-day moving average, suggesting that there could be a bullish move within the channel.

AXS/BTC prepares for North Korea

According to the chart, Axie Infinity price may rise against Bitcoin. If buyers can push the price above the 9- and 21-day moving averages and cross the upper border of the channel, the market may begin to follow an uptrend.

However, if buyers return to the market and increase bullish pressure, the price may reach resistance levels above 1400 SAT. Conversely, a bearish move towards the lower boundary of the channel could push the price down to support levels below 870 SAT.

Additionally, @CryptoFabiik informed his 90,000 followers on ✅ This setup looks likely to result in a +40% bullish rally in the near term. 📈

$AXS A major trendline breakout and retest was identified on the 8-hour chart.. ✅
A +40% bullish rally looks promising in the near term. 📈#Cryptocurrency #AXS #AXSUSDT pic.twitter.com/VrxIndGIDc
— Captain Faibik (@CryptoFaibik) May 23, 2024

Axie Infinity Alternative

Axie Infinity (AXS) is seeing positive movement today with the price hovering around the resistance level of $7.46, up from a low of $7.39. A daily closing price above this channel’s upper limit could push the price up to $8.50. Traders should be aware that if the bull market continues to strengthen its positions, continued price increases could attract more buyers. Currently ranked as the 82nd largest cryptocurrency with a market capitalization of $1 billion, Axie Infinity is maintaining some strength. Meanwhile, the multi-chain meme coin Dogeverse presale successfully raised over $15 million, providing investors with a unique opportunity to join this pioneering revolution.

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