AXS Could Face Another Near-Death Moment as Indicators Fill the Gap
- With AXS priced at $10.51, it experienced a 0.24% surge in one day, at the reported time.
- AXS/USDT is currently trading between the 50 EMA and the 200EMA.
- The token could face another near-death cross moment soon.
When looking at the weekly chart, AXS, Axie Infinity’s token, seems to be moving in the green region. With AXS priced at $10.51, it experienced a 0.24% surge in one day, moreover, it also made a 1.03% leap in a week, at the reporting time. However, there is a narrow margin that could decide if the power would remain with the buyers or if it would be with the sellers.
When looking at the four-hour chart, AXS/USDT is currently trading between the 50 EMA and the 200EMA. AXS’s price is currently struggling to stay afloat above the 200 EMA. Moreover, if the 50 EMA crosses 200 EMA and goes below it, there will be a death cross, indicating the start of a bear attack. However, if we look at the charts, AXS narrowly escaped death-cross’s wrath.
Similar to the near-death cross moment, AXS could face a similar event soon. The 200 EMA is also soaring above the Support 1 region and if it lands over…
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