Forecast for the Axie Infinity (AXS) cryptocurrency:
Technical analysis #AXS
/USDT 📊
General trends:
The chart shows that AXS price recently found support at around $6.71, which corresponds to the 1.618 Fibonacci level. In the near future, growth is possible to $13.50 and $17.71, which corresponds to the 0 and -0.27 Fibonacci levels.
Resistance and support levels:
Support: $6.71 (Fibonacci level 1.618). Resistance: $13.50, $17.71, and maximum resistance at $20.29.
Potential price movements:
If the current resistance level ($7.43) is broken, a rapid rise to $10.10 (0.5 Fibonacci) and further to $13.50 is possible. If the price falls below the current support level ($6.71), a further decline to $4.00 or even lower, to $2.514 ( Fibonacci level 1.618).
Indicator:
The RSI (relative strength index) shows that the market is in oversold territory, which may indicate an upcoming rise. MA (moving average) indicates a possible upward trend reversal.
Conclusion:
The forecast is positive: if it successfully stays above the level of $7.43, we can expect growth to $13.50 and higher. Risk: if it falls below $6.71, the price may continue to decline to lower levels.
🚀👆 An increase to $13.50 is possible if the price stays above $7.43.
📉👇 If it falls below $6.71, the price may fall to $4.00 or lower.
🔄 Indicators show a possible upward reversal.
Recommendations:
⚠️ Closely monitor the $7.43 level for confirmation of the reversal trend.
📈 Consider buying opportunities when growth is confirmed.
💡 Consider the risks of a fall below $6.71 and adjust your strategy accordingly.
