AXS Technical Analysis: Sellers At 200-day EMA Enforce $65 Retest

AXS coin prices give a bullish breakout of the supply area at $65 but struggle to surpass the 200-day EMA. Will buyers retain trend control? Key technical points: AXS prices break above the $65 mark. The gaming token prices sustain above the 100-day EMA. Finally, the 24-hour trading volume of Axie Infinity is $1.013 Billion, marking a 35% rise. Past Performance of AXS AXS coin prices give a bullish breakout of the consolidation range formed above the $50 mark with a price jump of 11% on 23rd March. The rally gains 50% within 72 hours, resulting in the $65 breakout. However, the breakout rally fails to surpass the 200-day EMA resulting in the breakout retest. Source-Tradingview AXS Technical Analysis AXS prices showcase a high likelihood of a bullish reversal from the $65 resulting in a post-retest. Hence, buyers can shortly observe the prices surpass the $70 swing high and continue the bullish rally. The bullish rally fails to sustain above the 200-day EMA but finds support at the 100-day EMA. Furthermore, the rally reverses the 50-day EMA trend that may shortly result in a bullish crossover with the 100-day EMA. RSI Indicator: The RSI slope fails to sustain in the overbought category resulting in the 70% boundary fallout and a dip to the 14-day average line. Hence, the indicator shows a jump in selling pressure, but the retest shows RSI flattening over the 14-day average, indicating a potential bullish reversal. In a nutshell...