AXS Technical Analysis: Range Breakout May Drive AXS to $45 Mark

The AXS price rebound from the $11.6 support may encourage buyers; ready to rechallenge the $12.6 mark: should you buy? Key technical points: The coin price shows an intraday gain of 14.32%. The trending RSI slope indicates rising bullish momentum The 24-hour trading volume of Axie Infinity is $182.4 Million, indicating a hike of 57.4%. Past Performance of AXS On April 25th, the AXS price lost a multi-month support level of $44.5, signaling the continuation of the prevailing downtrend. Thus, a support fallout combined with the early May sell-off in the crypto market intensified the ongoing selling pressure. As a result, the downtrend slumped the altcoin to a low of $17.16, reflecting a 62% loss. Source-tradingview AXS Technical Analysis The AXS price took a breather at $16.5 support as the crypto market has been volatile for the past two weeks. Thus, the minor consolidation in the daily time frame chart showcased a failed attempt at the AXS price to breach the $26 resistance. The Bollinger band indicator’s narrow range accentuates the ongoing uncertainty in the crypto market. However, the coin price attempts to breach the midline indicate a possible switch in market sentiment. The Vortex Indicator is nearing a bullish crossover event and increases the chances of our bullish theory hitting the $0.45 mark. Despite a lateral walk in price action, the rising daily-RSI slope reflects growth in underlying bullishness. Additionally, ...