Convergence

Axie Infinity

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Axie Infinity just broke above key moving averages, showcasing bullishness.</a> </li> 
 <li> <span>2</span> <a>AXS price has gained 13% this week, showing buyers are back for AXS.</a> </li> 
</ul>  
<p><strong>Axie Infinity</strong> chart shows a confirmed upside breakout in the daily time frame as the price broke its upper trendline and the key exponential moving averages. Moreover, social metrics also spiked as per the Santiment data and the total number of holders has also increased, showcasing bullishness.</p> 
<h2 class="wp-block-heading" id="strong-social-metrics-holder-count-increase-strong"><strong>Social Metrics, Holder Count Increase</strong></h2> 
<p><strong>AXS social metrics</strong> have increased in the last few days, indicating increased crypto media coverage and mentions on the social media platforms.</p> <iframe loading="lazy" title="Santiment Chart: Social Volume (AXS), Social Dominance (AXS)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=axie-infinity&amp;pt=AXS&amp;df=2024-03-10T00%3A00%3A00.000Z&amp;dt=2024-06-04T18%3A29%3A59.096Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_volume_total%3Bsocial_dominance_total&amp;wax=0%3B1&amp;wc=%2368DBF4%3B%23FF5B5B&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p><strong><a href="https://www.thecoinrepublic.com/2024/05/24/10-mark-in-sight-for-axie-infinity-axs-crypto-by-months-end/">Axie Infinity </a></strong>mentions on social media like Reddit, Telegram, and X increasingly highlight bullishness. If the social dominance and volume increase in the upcoming sessions, the price is likely to rise.</p> 
<p>Moreover, the total amount of holders has increased in recent months according to Santiment data. From the beginning of March to May, the holder count displayed a significant increase, and stood at 95.4K at press time.</p> 
<h3 class="wp-block-heading" id="strong-axie-infinity-axs-on-the-daily-technical-chart-strong"><strong>Axie Infinity (AXS) On the Daily Technical Chart</strong></h3> 
<p><strong>Axie Infinity (AXS)</strong> has been in the bearish phase for a prolonged time, halted at $13.40. After a long downtrend and a small consolidation, the price gave a robust breakout and broke the key exponential moving averages.</p>    
<p><a href="https://in.tradingview.com/chart/AXSUSD/9CjAZv9G-AXS/"></a> <a href="https://in.tradingview.com/u/writer12_gsm/"></a> <a href="https://in.tradingview.com/"></a></p>  
<p>At the time of writing, <strong>AXS prce </strong>was $8.411 with a minor intraday loss of 0.56%. Its market cap stands was $1.22 Billion, with a fully diluted market cap of 2.27 Billion.</p> 
<p>The AXS volume-to-market cap ratio has been 3.62 in the last 24 hours, showcasing that this gaming coin had good liquidity. <strong>AXS </strong>is down by almost 5.27% year to date, up by nearly 7.84% in the last 6 months, and down by 21.39% in the last 3 months.</p> 
<p>However, despite the prolonged weakness, the price has performed well recently, with an impressive breakout. Last month, AXS grew by 16%; last week, it grew by 13.72%, highlighting buyers’ demand for the crypto.</p> 
<h3 class="wp-block-heading" id="strong-where-are-the-indicators-pointing-out-strong"><strong>Where are the Indicators Pointing Out?</strong></h3> 
<p>According to the technical summary of TradingView on AXS/USD, out of 26 indicators, 4 are on the sell side, 8 are on the neutral side, and 14 are on the buy side, which shows that the indicators are giving buying signals and suggesting a positive perspective for the <strong>Axie Infinity </strong>price.</p> 
<p>Moreover, the price already broke above the key 50-Day and 200-Day exponential moving averages, supporting the bullish trend. Meanwhile, the RSI curve is hovering in the positive zone above the 14-SMA line, demonstrating bullish moves.</p> 
<p>Moving Average Convergence Divergence (MACD) suggests bullishness as the MACD curve and signal curve heading in the positive zone along with a bullish crossover and green histogram, showcasing bullishness.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p><strong>Axie Infinity </strong>broke above the key moving averages, suggesting the trend has turned bullish. Major indicators like MACD, RSI, and EMAs support the bullish trend. Moreover, social metrics have increased in the last few days, showcasing bullishness.</p> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>This article is for informational purposes only and does not provide any 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 research before making any financial decisions.</p>

Axie Infinity Upside Breakout; AXS Price Ready For Bullish Wave

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Thecoinrepublic.com

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