bitcoinBTC/USD
$ 19,938.75
ethereumETH/USD
$ 1,124.85
tetherUSDT/USD
$ 1.00
cardanoADA/USD
$ 0.456223
xrpXRP/USD
$ 0.322567
usd-coinUSDC/USD
$ 1.00

Axie Infinity Price Prediction October 2021: Will AXS Reach $200 In October?

Axie Infinity Price Prediction October 2021: Will AXS Reach $200 In October

AXS  Technical Analysis – October 2021

Monthly Analysis

Over the last month, AXS has been extremely bullish. The price has increased by more than 200% in the last 30 days alone, where AXS reached an all-time high at $155. The price has been in correction after that and has decreased by more than 20%.

Monthly analysis of Axie Infinity (AXS)
AXS/USDT 4-Hour Chart

Weekly Analysis 

In the last 7 days, the price of AXS initially increased by 23%. After hitting resistance at $145, AXS then has declined by 18%. The shorter-term trend is bearish, meaning that the price could decrease, but the longer-term trend is bullish.

Daily Analysis

In the intraday chart, AXS has been in consolidation. The recent price movement has formed a descending triangle pattern, indicating that a bearish breakout could occur in the coming hours for AXS.

Key Structures

Support

  • $113

Resistance

  • $155

Indicators

Moving Average

The 20-day moving average had been below the price due to the enormous increase of AXS. Nonetheless, it has moved slightly above the price because of the recent price correction, indicating that the price may now decline.

The 9-day EMA is also slightly above the price and currently acting as resistance for the price of AXS. This suggests that AXS could decrease in the short run if the price fails to beat resistance at the EMA line.

Relative Strength Index

The RSI has slightly declined lately, and it was expected since AXS was in the overbought region. Nonetheless, the RSI is still bullish. In a 4-hour chart, the RSI is more bearish and approaching the oversold region.

MACD

The MACD line has recently moved below the signal line and is now heading below the baseline. This indicates that the momentum is now bearish in a 1-day chart. In a 4-hour chart, the MACD line has been below the signal line and below the baseline. However, the lines are converging, and if they intersect, the momentum might become bullish for AXS.

Fear & Greed 

Even though the price has declined recently, the fear and greed indicator of a 4-hour chart suggests that the current emotion of AXS traders is fear.

Fear and greed indicator for Axie Infinity (AXS)
AXS/USDT 4-Hour Chart

Fibonacci

The Fibonacci retracement level of a 1-day chart suggests that the price has recently found support at the 38.2% level. This might indicate that the price could surge upwards in the coming weeks.

Fibonacci retracement levels for Axie Infinity (AXS)
Fibonacci levels for AXS/USDT in a 1-Day Chart

Price Prediction AXS  – October 2021

Based on this technical analysis on Axie Infinity (AXS), we might see its price decline in the short run and retest support at $113. However, the longer-term trend is still bullish, forming a broadening wedge. AXS could soon reach a new all-time high. Furthermore, if BTC keeps increasing at the same rate, a price of $200 is possible for AXS.

Latest News for AXS  – Affecting Price

NFTs have become one of the most important assets of 2021. With Axie Infinity’s main focus being on NFTs and gaming, the demand for AXS has increased massively. This is likely to continue throughout this quarter, hence, the price of AXS could keep going upwards.

Also read: Axie Infinity (AXS) Price Prediction 2021 and Beyond – Will AXS Hit $200 in 2021?

Also read:

Related News

Will KuCoin Token Reach $100 in 2022 – KuCoin Price Forecast

KuCoin is a popular cryptocurrency exchange because of its cheap fees and extensive range of features. The platform allows you to trade in futures and margin products, using a vast variety of tokens to pick from. The crypto exchange also has a native coin KuCoin Token (KCS). KuCoin’s numerous features, low costs, and wide range of cryptocurrencies make it a great choice for experienced cryptocurrency traders. But what about its

Read More »
Ethereum Price Prediction May 2022: Will ETH Reach $5,000 in May?

Ethereum Price Prediction May 2022: Will ETH Reach $5,000 in May?

ETH Technical Analysis – May 2022 Ever since hitting an all-time high in November of 2021 at around $4,800, the price of Ethereum (ETH) has been in a downtrend. Initially, the price declined by around 26%, and ETH ended the year at $3,500. That bearish momentum continued in January as well, where ETH declined by almost 45% in January alone. However, ETH managed to find support at $2,160, which then

Read More »
Bitcoin Price Prediction May 2022: Will BTC Reach $100,000 in May?

Bitcoin Price Prediction May 2022: Will BTC Reach $100,000 in May?

BTC Technical Analysis – May 2022 Ever since Bitcoin (BTC) reached its all-time high in November of 2021 at around $69,000, the price has been in a downtrend. The price initially declined by more than 30%. BTC ended the year at around $50,000.  In 2022, BTC maintained that similar approach, where the price declined by an additional 35% in the first few weeks of the year. After finding support at

Read More »

My Coins

bitcoinBitcoin
$ 19,938.752.12%
ethereumEthereum
$ 1,124.853.48%
cardanoCardano
$ 0.4562232.61%
tetherTether
$ 1.000.06%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org