Bitcoin
$22,917.07
-498.2
(-2.13%)
Ethereum
$1,620.25
-59.07
(-3.52%)
Ripple
$0.40
-0.02
(-4.14%)
Litecoin
$95.43
-3.78
(-3.81%)
EOS
$1.08
-0.05
(-4.02%)
Cardano
$0.39
-0.02
(-4.16%)
Stellar
$0.09
-0
(-3.35%)
NEO
$8.71
-0.26
(-2.91%)
NEM
$0.04
-0
(-2.33%)
DigitalCash
$58.95
-2.64
(-4.29%)
Tether
$1.00
0
(0%)
Binance Coin
$326.79
-3.29
(-1%)
QTUM
$2.78
-0.06
(-2.01%)
Verge
$0.00
-0
(-2.21%)
Ontology
$0.23
0
(+0.18%)
ZCash
$43.95
-3.11
(-6.61%)
Steem
$0.21
-0.01
(-5.98%)

AXS price records new all-time high above $154

0

The Axie Infinity token is likely to continue higher after reaching its highest price level of $154.63

The price of Axie Infinity’s AXS, an increasingly popular gaming token, has surged to a new all-time high of $154.63 after a stellar 24-hour performance.

As of writing, the AXS token is trading around $149 after some profit-taking deals. However, CoinGecko data shows that the cryptocurrency is still up by more than 37% in the past 24 hours and over 134% in the past week.

Axie Infinity price outlook

After breaking above the old resistance line around $92, AXS/USD surged higher and broke the barrier at $100 before retesting the $108 zone.

Another leg up has seen AXS price move above the psychological barrier of $150, with the surge to highs of $154.63 suggesting a break above $155 could open up AXS/USD for more gains.

On the 4-hour chart, a spike in volume and the positive outlook of the RSI suggest buy-side pressure. The price is also well above the 50 and 100 simple moving averages, whose curves are rising to indicate a bullish view.

AXS/USD 4-hour chart. Source: TradingView

If buyers sustain the upside momentum, a push towards $160 to $180 would provide the next objective and thereafter a potential continuation of the parabolic rally to $200.

On the contrary, a flip below the critical anchor at $138 could see AXS/USD retest the $116 zone. Bearish pressure at this price zone could accelerate a retest of the $100 support zone.

Credit: Source link

Leave A Reply

Your email address will not be published.