Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AXS crypto price experiencing bearish pressure.</a> </li> 
 <li> <span>2</span> <a>AXSUSD’s price currently trading at $4.717 with an intraday drop -1.19%.</a> </li> 
</ul> 
<p>AXS crypto price is down by -15.21 % over the past month, whereas according to the price action, the AXS price continues to move under the bear’s influence. Sellers are trying to pull AXS crypto prices toward the lower trendline. AXS must attract buyers in order to surge toward the upper trendline. Investors in AXS crypto need to wait for any directional change over the daily time frame chart.&nbsp;</p> 
<p>AXS price prediction showcases the decline of AXS crypto price from the higher level over the daily time frame chart. AXS crypto needs to attract buyers in order to reach the recovery level. However, trading volume has been below average and needs to grow for the AXS crypto price to sustain at a higher level.&nbsp;</p> 
<p>Meanwhile, AXS crypto is trying to surpass the 20, 50, 100, and 200-day daily moving averages. AXS price has lost 15% in a month and 2% in the last three months. Moreover, the AXS price has plunged around 46% in the last six months and has lost 21% year to date. This confirms the facts regarding AXS crypto’s bearishness in upcoming sessions.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-axs-crypto-price-in-1-d-timeframe-strong"><strong>Technical Analysis of AXS Crypto Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="466" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-447-1024x466.png" alt="AXS Crypto Forecast: Will AXS Price Break the 50 EMA Mark?" class="wp-image-168289" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-447-1024x466.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-447-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-447-768x349.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-447-750x341.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-447-1140x519.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-447.png 1433w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: AXS.1D.USD by TradingView
  </figcaption>
 </figure>
</div> 
<p>If it can keep this level, the AXS price could continue to go up and reach the first and second targets of $5.1381795 and $5.8468481, respectively. However, if the AXS price cannot maintain this level and falls, then it might hit the closest support levels of $3.9529848 and $3.2443162.</p> 
<p>At the time of publishing, AXS crypto (USD: AXS) was trading above the 50 and 200-day SMAs (simple moving averages), which are supporting the price trend.&nbsp;</p> 
<p>However, if more selling volume adds up then the price might conquer supporting SMA’s by making lower highs and lows. Hence, the AXS price is expected to move downwards giving bearish views over the daily time frame chart.</p> 
<p>Technical indicators suggest the downtrend momentum of the AXS <a href="https://www.thecoinrepublic.com/2023/09/14/gnosis-crypto-price-forecast-will-gno-price-reach-the-110-mark/" target="_blank" rel="noreferrer noopener">crypto price</a>. The relative strength index showcases the downtrend momentum of AXS crypto. RSI was at 00 and is heading towards the neutral to be oversold.</p> 
<p>MACD exhibits the downside trend of AXS crypto price. The MACD line is below the signal line after a negative crossover. Investors in AXS crypto need to wait for any directional change over the daily time frame chart.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>The daily time frame chart of the AXS cryptocurrency shows a dropping trend according to the AXS price projection from the upper level. In order for AXS cryptocurrency to rebound and reach the levels of $00 and eventually $00, it must draw buyers. Moreover, the price of AXS has decreased by almost 00% over the past six months. Technical indications point to the price of AXS cryptocurrency being in a downturn. Investors must watch the daily time frame chart for any directional changes.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels</strong>: $3.9529848 and $3.2443162.</li> 
 <li><strong>Resistance Levels: </strong>$5.1381795 and $5.8468481.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

AXS Crypto Forecast: Will AXS Price Break the 50 EMA Mark?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 15, 2023

North Korean hackers turn to Russia to launder crypto

Crypto payments vs. traditional systems: Navigating the future of financial transactions

Metaverse land sales update a year-low at $4.1m

INTOverse Takes Centre Stage at BNB Chain Ecosystem Mixer: Highlighting the New Direction of Web3...

Hong Kong Named as the Most Crypto-Ready State in 2023

Shiba Inu Official Reveals What to Expect From SHIB in Next Bull Cycle

Join our free newsletter for daily crypto updates!