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AXS Technical Analysis - Dials For Trend Reversal Set-Up

Welcome Back to Cryptoknowmics!! We are here yet again to enlighten you with predictions from the Crypto community!! And today we present to you a technical analysis video on the AXS Token! Axie Infinity is a blockchain-based trading and fighting game that is operated and owned by the players. Inspired by the popular video games such as Pokemon as well as Tamagotchi, Axie Infinity allows players to breed, collect, fight, raise, with token-based animals, referred to as Axies. The live AXS token price today is $53.25 with an intraday trading volume of $464,684,343. The coin price is up by 11.03% in the last 24 hours. With a live market cap of $3.24 Billion, the network remains in the Top 50 crypto list. The AXS coin price action shows a falling channel as the price continues to form a wave of lower lows in the daily chart. The downfall halts near the support zone at $50, from where it rises 11% in the past 24 hours. Thus, starting a bullish reversal within the descending triangle. Let’s have a deepened insight into technical analysis of AXS token and see what the indicators have to say about it. The AXS coin price action shows a double bottom pattern near the support zone at $50 in the daily chart. The recently made bullish candle teases a bullish breakout of the pattern. The post-breakout rally can breach the resistance trendline, if the buying pressure sustains. Read More: https://www.cryptoknowmics.com/news/a...