3 Best Cryptos to Buy Now, November 6: SOL, AXS, and IMPT

Updated: 06 November 2022

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Some coins are performing quite well for the bulls despite the current negative phase. As market investors wait for responses to major zones, these coins are exhibiting signals of tremendous upward expansion, putting them in a position to profit.

As Solana experienced a shift in the market structure, the Moving Average Indicator signaled a buy. This signal caused more bulls to raid the market. Axie Infinity also shows signs of bullishness as three white soldiers head to break the $11.7550 resistance.

Solana (SOL/USD)

Solana has been bearish since the beginning of the bear season. It continued down into the demand zone at $25.80. Impressively, the market rallied upward at this point, only to be rebuffed downward within a descending channel after hitting the $48.40 supply zone. SOL/USD began to rally upward after hitting the rejection block. Now that the market structure has shifted upward, the market is expected to remain bullish until the weak resistances are broken.

Solana (SOL/USD)

Current Price: $36.10
Market Capitalization: $13.00B
Trading Volume: $2.2B
7-day Gain: 9.29%

Axie Infinity (AXS/USD)

Axie Infinity has been in a bearish phase since November 8th, 2021. The intention of the bears to fall prices into the $8.1890 demand zone got clearer when the $75.5360 price level got broken and retested. The bears exited the market at the $8.1890 demand zone as the bulls took over. Should the price continue upward to hit the diagonal resistance, the bulls are expected to reposition their entries at the 11.7550 demand zone.

Axie Infinity (AXS/USD)

Current Price: $10.47
Market Capitalization : $1.02B
Trading Volume: $0.53B
7-day Gain: 12.29%

The IMPT Presale Is still going on

The Impact Project’s major objectives continue to be to serve as a link between the ESG sector and the cryptocurrency industry and reform the way carbon credits are handled. In just a few weeks, more than $12 million has been raised, and the IMPT presale is still ongoing.