Axie Price Prediction for Today, 30 November: AXS Awaiting a Breakout


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Sellers’ momentum is decreasing

Axie Infinity (AXSUSD) Price Analysis – 30 November

When sellers exert more pressure to break down the support level of $6.5, then, Axie may reduce to $5.7 and $4.8 support levels. An increase in the bulls’ pressure may break up the $7.5 level which may increase to $8.3 and $10.0 resistance levels.

AXS/USD Market

Key Levels:

Resistance levels: $7.5, $8.3, $10.0

Support levels: $6.5, $5.7, $4.8

AXS/USD Long-term Trend: Bearish

AXie Infinity is bearish in the daily time frame. The coin is under the bears’ control. On November 13, there was a strong bullish momentum movement, it was like a spark, and the price increased above the resistance level of $11.7. Sellers’ pressure opposed the bullish movement and the price returned to the $6.5 level. The buyers’ and sellers’ momentum became weak and the price started a consolidation movement.

Sellers are dominating the market on the daily chart, the price action is struggling to break down the support level of $6.5. When sellers exert more pressure to break down the support level of $6.5, then, the price may reduce to $5.7 and $4.8 support levels. An increase in the bulls’ pressure may break up the $7.5 level which may increase to $8.3 and $10.0 resistance levels. The Relative Strength Index (14) is moving up at 42 levels indicating a bullish movement.

 

AXS/USD Medium-term Trend: Ranging

AXie Infinity is ranging in the 4-hour chart. The bearish pressure made the price bottom at the $5.7 support level last two weeks. The bears lose their momentum, likewise, the bulls could not push up the price. This scenario leads to ranging movement at the moment.

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The price is trading over and around 9-periods EMA and 21-periods EMA as an indication that ranging movement is ongoing. The Relative Strength Index period (14) is at 58 levels and the signal line points up to indicate a buy signal. Axie is struggling to rise while Dah 2 Trade and IMPT is on high risen level.

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