Axie Infinity (AXS) It went into a “free fall” state due to pressure from sellers and continued to fall sharply. Analysts commenting on the AXS price predict that if there is no change, the AXS price may drop to $100.
Axie Infinity price is two important Ichimoku falls below the support level. With a large gap below the weak support at $115, AXS will seek support at this level. If this very weak support is broken, a sharp decline of up to 30% may come.
Axie Infinity price followed the rest of the cryptocurrency market and fell sharply. Receivers near the bottom of a “high-volume node” Axie Infinitystepped in to support Tenkan-Sen and Kijun-SenA daily close below is likely to trigger a significant sell-off.
Axie Infinity is currently on a “make or break” level to maintain the trading range it has been in since early October. The daily Tenkan-Sen and Kijun-Sen are in the $128 value area and the Axie Infinity price has dropped below both of these levels.
Axie Infinity’s last and most critical level is around $115. The volume profile below $115 is quite weak and any move below $115 will likely trigger a very hard and fast drop to the $100 level. As weekly Tenkan-Sen is also in this value area, support is likely to be found at $100.
The bullish signals, which are the opposite of these sharp and serious falling levels seen in AXS price, are actually very close. The threshold that AXS price must cross before it can rebound to all-time highs is currently only thought to be around $138. $138 will bring AXS closer to the “Ideal Bullish Ichimoku Breakout” entry. However, the chart shows that there is only two days for this $138 level to be valid. In three days (Saturday), the Chikou Spread will be below the candlesticks, a development that will increase the downtrend.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.