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Wednesday, February 26, 2025
bitcoin
Bitcoin (BTC) $ 88,948.83
ethereum
Ethereum (ETH) $ 2,473.58
tether
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bitcoin
Bitcoin (BTC) $ 88,948.83
ethereum
Ethereum (ETH) $ 2,473.58
tether
Tether (USDT) $ 0.999565
bnb
BNB (BNB) $ 628.39
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 2.30
binance-usd
BUSD (BUSD) $ 0.9981
dogecoin
Dogecoin (DOGE) $ 0.211539
cardano
Cardano (ADA) $ 0.681501
solana
Solana (SOL) $ 140.72
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polkadot
Polkadot (DOT) $ 4.79
tron
TRON (TRX) $ 0.230127
HomeAll CoinsCardanoAXS worth sits on key assist degree as bears step in

AXS worth sits on key assist degree as bears step in

  • Axie Infinity (AXS) was capable of print a acquire of two.78% over the previous 24 hours.
  • The altcoin was additionally capable of reverse the resistance degree at $6.85 earlier in in the present day’s buying and selling session.
  • Technical indicators urged that there was loads of promoting stress and AXS worth would drop within the subsequent 48 hours.

In response to market-tracking web site CoinMarketCap, Axie Infinity (AXS) emerged as one of many few cryptocurrencies to see a worth enhance over the previous day. At press time, AXS was buying and selling at $6.91 after rising 2.78%.

This indicated that AXS was nearer to its day by day excessive of $7.13 than its 24-hour low of $6.54. The worth surge additionally allowed AXS to strengthen its place towards market leaders Bitcoin (BTC) and Ethereum (ETH) by round 4.62% and 4.53% respectively.

Regardless of this current worth rally, AXS’ weekly efficiency remained within the pink at -4.79%. Nevertheless, the altcoin had seen a major enhance in its 24-hour buying and selling quantity, reaching $88,984,466, marking a leap of greater than 170% up to now day.

4-hour chart for AXS/USDT (Supply: TradingView)

From a technical standpoint, the value of the altcoin was capable of break above the resistance degree at $6.85 earlier in the present day and switch it into assist. Throughout the identical 4-hour cycle, AXS tried to do the identical with the following resistance degree at $7.11 and was capable of attain a excessive of $7.20, however closed the 4-hour candle beneath the model.

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At press time, a bull flag was about to set off on the 4-hour chart of AXS, with the 9 EMA line trying to transfer larger above the 20 EMA line. If this crossover happens throughout the subsequent 24 hours, the crypto worth will most certainly have the momentum to show the aforementioned $7.11 resistance into assist.

One factor to notice, nonetheless, was that the RSI line on the 4-hour chart was sloping down in the direction of oversold territory. If the RSI line crosses beneath the RSI SMA, earlier than the top of in the present day’s buying and selling session, the value of AXS might drop beneath the lately reversed degree at $6.85.

Disclaimer: Views and opinions, in addition to all info shared on this worth evaluation, are printed in good religion. Readers ought to do their very own analysis and due diligence. Any motion taken by the reader is strictly at their very own threat. Coin Version and its associates won’t be held chargeable for any direct or oblique harm or loss.

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