AXS Technical Analysis: Buyers Struggle To Float Above $20

With the selling activity increasing over the weeks, AXS prices continue to lower lows and recently broke below the crucial support of $20. Key technical points: The AXS coin trades for $20.5. The Stochastic RSI shows a bearish crossover. The 24-hour trading volume of Axie Infinity is $824 Million, indicating a 22% hike. Past Performance of AXS Over the last three months, AXS buyers have been aggressively fighting their $44.2 support. In the end, due to the widespread selling in the crypto market, the AXS holder could not maintain this support on the 25th of April. The downfall accounts for a devaluation of 71% over the last month, with the recent fall under $20. Source-Tradingview AXS Technical Analysis With the AXS buyers stepping in at the $16 support level, the bullish recovery retains the $20 support level. Nevertheless, the underlying weakness in the bullish commitment results in a higher price rejection trying to drive the trend back under. Supertrend Indicator- The super trend indicator shows the market value under the ATR line, reflecting a bearish trend in motion. Moreover, the large spread between price and ATR makes it harder for the bulls to overtake trend control. Vortex indicator– The VI+ and VI- slope closing in may soon result in a bullish crossover. This buy signal gives an additional confirmation for a pattern breakout. However, the increased ADX value reflects a high momentum trend in motion. Stochastic RSI...