The price of AXS asset has been displaying bearish behavior and has been declining consistently on the daily chart, indicating a potential further downward trend. The asset's performance was poor last week and last month, with a drop of -3.59% and -25.95%, respectively, which suggests a stable downtrend.
The price of Axie Infinity crypto has significantly dropped in recent times. This decline was evident as the price plunged from a crucial level of approximately $13.50 on the chart.
AXS crypto is deteriorating at faster pace, as it meets the resistance level and could dive to new lows from the current price.
The Axie Infinity price asset plunged below the 20-day and 50-day EMA bands, reliant on the sellers' surge could deteriorate more.
Likewise, the AXS price asset is displaying bearish characteristics as MACD is below the zero line at -0.73 and the RSI is falling smoothly below the median line at 41.60, implying that the Axie Infinity asset is losing momentum and can achieve new depths in the coming sessions.
At press time, the AXS crypto had experienced a -1.99% decline in the last 24 hours to $9.36. Therefore, if the Axie Infinity price fails to stay above the $8.50 level, it could decline further and reach lower lows.
However, if the demand for the crypto remains high, the AXS asset price could bounce back from the current level by surpassing the below trendline. The next goal for Axie Infinity is to reach $11.0 and $12.0.
The price of Axie Infinity crypto has significantly dropped in recent times. This decline was evident as the price plunged from a crucial level of approximately $13.50 on the chart.
AXS crypto is deteriorating at faster pace, as it meets the resistance level and could dive to new lows from the current price.
The Axie Infinity price asset plunged below the 20-day and 50-day EMA bands, reliant on the sellers' surge could deteriorate more.
Likewise, the AXS price asset is displaying bearish characteristics as MACD is below the zero line at -0.73 and the RSI is falling smoothly below the median line at 41.60, implying that the Axie Infinity asset is losing momentum and can achieve new depths in the coming sessions.
At press time, the AXS crypto had experienced a -1.99% decline in the last 24 hours to $9.36. Therefore, if the Axie Infinity price fails to stay above the $8.50 level, it could decline further and reach lower lows.
However, if the demand for the crypto remains high, the AXS asset price could bounce back from the current level by surpassing the below trendline. The next goal for Axie Infinity is to reach $11.0 and $12.0.