{"id":357259,"date":"2022-11-12T13:34:24","date_gmt":"2022-11-12T18:34:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=357259"},"modified":"2022-11-12T13:47:45","modified_gmt":"2022-11-12T18:47:45","slug":"axie-price-prediction-for-today-12-november-axs-targeting-previous-low-at-6-4-level","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/axie-price-prediction-for-today-12-november-axs-targeting-previous-low-at-6-4-level","title":{"rendered":"Axie Price Prediction for Today, 12 November: AXS Targeting Previous Low at $6.4 Level"},"content":{"rendered":"

Sellers’ momentum is increasing in the Axie market<\/h2>\n

Axie Infinity (AXSUSD) Price Analysis – 12 November<\/h2>\n

A further increase in the bears’ pressure may break down the $6.5 level which may decrease to $6.4 and $4.8 support levels. Opposition from the buyers at the $6.5 level may increase the Axie<\/a> toward the resistance levels of $7.5, $8.3, and $10.0.<\/p>\n

AXS\/USD Market<\/h2>\n

Key Levels:<\/h2>\n

Resistance levels: $7.5, $8.3, $10.0<\/p>\n

Support levels: $6.5, $6.4, $4.8<\/p>\n

AXS\/USD Long-term Trend: Bearish<\/h2>\n

AXie<\/a> Infinity is under the bears’ control.  Sellers rule the world of the Axie market since the beginning of August. Strong daily bearish candles are produced. The former resistance level of $10.0 and $7.5 has been penetrated the downside and turned to resistance levels at the moment. The support level of $8.3 was tested and the price pull back to retest the resistance level of $10.0. On 06 November, sellers opposed the bullish movement and the price is currently testing the $6.5 support level. The price may test the previous low at $4.8 level.<\/p>\n

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On the daily chart, sellers are dominating the market. The price action is breaking down the support level of $6.5. A further increase in the bears’ pressure may break down the $6.5 level which may decrease to $6.4 and $4.8 support levels. Opposition from the buyers at $6.5 level may increase the price toward the resistance levels of $7.5, $8.3, and $10.0. The Relative Strength Index (14) is moving towards the oversold region, indicating a further downward movement.<\/p>\n

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AXS\/USD Medium-term Trend: Bearish<\/h2>\n

AXie Infinity is bearish in the 4-hour chart. Last week, the price carried out a price retracement from the support level of $8.3 to the resistance level of $10.0. The bullish momentum failed at the just-mentioned level. Sellers gain more pressure and push the price below last week’s low. Axie is targeting a $6.4 support level.<\/p>\n

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The price is trading below 9-periods EMA and 21-periods EMA as an indication that the bears are in control. The Relative Strength Index period (14) is at 34 levels and the signal line points down to indicate a sell signal.<\/p>\n

The IMPT Token Presale Offers a Rare Investment Opportunity<\/h3>\n

At the moment, the Impact Token<\/a> presale is ongoing. Within four weeks, this digital asset has increased to nearly $13million.<\/p>\n

After Presale, D2T Will Be Listed on Bitmart<\/h3>\n

Dash 2 Trade<\/a> (D2T) is selling faster than expected, D2T token has acquired $6m for the development of the platform in future. D2T will be listed on Bitmart soon after presale.<\/p>\n

Related<\/strong><\/p>\n