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      Axie Infinity (AXS) – What is the Chart Showing Us? - Stocks Telegraph

      By Ammar Mukhtar

      Published on

      December 28, 2021

      5:17 PM UTC

      Axie Infinity (AXS) – What is the Chart Showing Us? - Stocks Telegraph

      At the time of writing AXS is being traded at the rate of $105.07 with a decrease of almost 4% within the last 24 hours.

      The low within this tenure was around $101.81 and the high was approximately $111.60. The coin as being in the watchlist of many traders makes it rank all the way up to number 30th according to the latest data released by coin market cap.

      AXS made its all-time high in the month of October 2021 where it reached an enormous amount of $166.09. At the moment it has a daily volume of $338,382,094 with an increase of about 41% within the last 24 hours. The total supply of AXS is now around 270M and the circulating supply is also 60.9M. AXS has a dominance of 0.28%.

      The top exchanges for trading it are currently Binance, OKEx, FTX.

      Technical Analysis – Axie Infinity (AXS)

      AXS has been one of the top gainers at one point. The price of AXS has been going upwards and printing green candles. This resulted in the formation of higher highs and higher lows. The price of AXS ultimately shifted the structure which resulted in the drop in the price of the coin.  This drop in the price or should I say a descending correction was very systematic and the price was following a trend line. The price has respected this trend line on many occasions and has been rejected from there at two different points.

      AXS - 1D

      The price ultimately dropped down and touched the bottom from where it started to move upwards but once again, it got rejected from the trend line which resulted in a red candle. Now the price can drop down to the lower order block as shown in the chart as it is still unmitigated. Lower time frame confirmations should be taken into consideration to have a cleaner entry.

      Price Prediction – Axie Infinity (AXS)

      AXS has been one of the most successful and powerful coins. The people have gained a lot, based on this coin. In the long run, traders are highly bullish on the project. The price of AXS has retraced back and is around the same price it had around the month of October. According to the wallet investor, AXS is a good investment. The price of the coin is to reach a value of $331.629 in a year. In five years, the price is expected to reach around $1222.640.

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