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Axie Infinity Price Analysis for 3rd of September: AXS/USD’s Bullish Market Recovers To Hit 21 Day MA

Axie Infinity Price Analysis for 3rd of September: AXS/USD’s Bullish Market Recovers To Hit 21 Day MA

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Axie Infinity Price Analysis September 3: AXS/USD bull market rebounds to 21-day MAA

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Axie Infinity Price Analysis September 3: AXS/USD bull market rebounds to 21-day MAA

Today’s strong rally in the AXS/USD market has pushed the price down to the 21-day moving average. After the very bearish price consolidation in August, increased buying pressure during the price consolidation period is a sign of an approaching uptrend. Prior to today’s strong uptrend, and when we look at market activity during the consolidation period, we would see that selling momentum was slowing as buying momentum increased. On August 30, buyers and sellers tried to pull the price to their side, but none of them succeeded. That day’s market starts as a rising market.

Axie Infinity market price statistics:

  • AXS/USD price now: $15.191
  • AXS/USD market cap: $1,265,016,200
  • AXS/USD Cycle: 83,351,169.97
  • AXS/USD total supply: 270,000,000
  • AXS/USD Coin Market Rank: #42

Key levels

  • Resistance: $16,139, $17,896 $20,000
  • Support: $13,160, $12,778, $11,937

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Axie Infinity Market Price Analysis: Indicators Perspective

Although the price movements in the stochastic indicator appear to be in the overbought area, we cannot conclude that the price is overbought. This is because the stochastic indicator is fast. That’s why prices sometimes seem to stay in overbought territory for days. This is why we have to use the relative strength index. The relative strength index is a slower indicator. And in our market today, we see that the RSI line has just touched the 50% level, which is the boundary between a strong and a weak market. According to the information we received from RSI, the price level is just coming with the price increase. And there is still a long way to go to confirm the rising trend.

Axie Infinity Price Analysis September 3: AXS/USD bull market rebounds to 21-day MAA

Axie Infinity Analysis: AXS/USD 4 Hour Chart View

From the 4-hour chart, we can conclude that today’s market is dominated by buyers, leaving no room for sellers. This could be confirmation that buyers are still willing to push the market. On the other hand, the activity of sellers is still visible in the market, but it is not as strong as the influence of buyers in the market today. RSI line is 67.57%. Price action could be towards $16,000

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