#MM #RES #axs Axie Infinity Crypto: Will AXS Break Avobe the 50 EMA Level?

Axie Infinity price prediction highlights the bearish chart on the year to date time frame. Axie Infinity price is down by 5.12% over the past month. At present, the bears are in charge of the trend where they are maintaining firm command over the price action, although the bulls attempted to take control. Despite the bullish optimism, the buyers were unable to break above the 200 EMA, and bears regained supremacy over the price action on the 1-day chart.

Axie Infinity crypto is under the key exponential moving averages within the bears’ grasp. The price is facing resistance from the 50 EMA on the daily time frame. The price is facing substantial selling pressure in the supply zone which indicates that bears may push its value down further in the near future.

Technical indicators suggest that the bears hold the edge over the price action. The price pattern, oscillators, EMAs, and volume are moving in tandem, giving similar signals.

At the time of writing, AXS is trading at $4.3117537 with an intraday gain of 1.50%, signaling bullishness. Moreover, the trading 24-hour volume is 35.292 Million and the last 10 days’ average trading volume is $30.748K.

At the time of publishing, Axie Infinity crypto (USD: AXS) is trading above the 50 and 200-day simple moving averages (SMAs), which do not support the price trend. 

However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the AXS price is expected to move downwards giving bearish views over the daily time frame chart.

The current value of RSI is 46.88 points. The 14 SMA is above the median line at 39.93 points which indicates that the Axie Infinity crypto is bearish.