As of February 6, 2025, Axie Infinity's AXS token is trading at $4.18, with an intraday high of $4.29 and a low of $4.06.

Technical Overview:

  • Support Levels:

    • Immediate support: $4.00

    • Strong support: $3.80

  • Resistance Levels:

    • Immediate resistance: $4.30

    • Key resistance: $4.50

  • Indicators:

    • Relative Strength Index (RSI): Currently at 45, indicating neutral conditions.

    • Moving Averages: The price is below the 20-day and 50-day EMAs, suggesting bearish momentum.

    • MACD: Shows a bearish divergence, but the momentum is weakening.

Trade Strategy:

For Short-Term Traders:

  • Entry Zone: $4.00 - $4.20

  • Targets:

    • Target 1: $4.30

    • Target 2: $4.50

    • Target 3: $4.70

  • Stop Loss: $3.90

For Swing Traders:

  • If the price breaks below $4.00:

    • Short Entry: $3.95

    • Targets:

      • Target 1: $3.80

      • Target 2: $3.60

      • Target 3: $3.40

    • Stop Loss: $4.20

Momentum Analysis:

  • Neutral-to-Bearish: If the price holds above $4.00, there's potential for recovery toward $4.30.

  • Bearish: A break below $4.00 could lead to a further decline.

  • Bullish Reversal: A move above $4.50 with strong volume may indicate a bullish reversal.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making trading decisions.

$AXS

$AVAX

$AAVE

#BERAAirdropAlert #BTCNextATH #USBitcoinReserves #BTCHovers100k #AXS🔥🔥🔥