$AXS /USDT Showing Upward Momentum Within Bollinger Bands
Hey everyone,
Let's take a look at the $AXS /USDT chart! The current price of Axie Infinity is at $2.603, showing a positive increase of +4.25% today.
Looking at the last 24 hours, AXS ranged from a Low of $2.471 to a High of $2.626. The 24h Volume stands at 1.16M AXS, which is equivalent to 2.97M in USDT.
The chart indicates that AXS is currently showing upward momentum and is trading near the upper Bollinger Band. This suggests buying pressure and the potential for continued gains. The price has broken above the middle Bollinger Band and is now testing the upper band as resistance.
Traders will be watching to see if AXS can break above the upper Bollinger Band. If it does, we might see a push towards higher levels. The middle Bollinger Band could now act as a potential support level. The Stochastic RSI at the bottom is in overbought territory, which could suggest a potential for a short-term pullback, but the strong upward movement might override this in the immediate term.
Key points to observe:
Resistance: The upper Bollinger Band and the 24-hour high of $2.626 are the immediate resistances to watch.
Support: The middle Bollinger Band could act as a potential support level.
Indicator: The Stochastic RSI is in overbought territory, suggesting caution for potential short-term correction.
What are your thoughts on Axie Infinity's current surge? Do you believe it will break the upper Bollinger Band, or will we see some resistance and potential pullback? Share your analysis!
