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AXS Price Analysis: SMA-50 would provide support to AXS, hopefully

AXS Price
  • AXS holders would be able to use new features called breeding and staking in the future.
  • Tokens for sale are 29,700,000 AXS but number of tokens sold are not available.
  • The RSI oscillator for AXS shows the BUY action.
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The AXS has shown the pattern of engulfing bearish in the last 24 hours. The circulating supply of token is 60,907,500 AXS coins and a max. supply of 270,000,000 AXS coins. ICO price of the token is $0.100000 and has 11% of total supply.

The last known price of the token, AXS, is 44.43 and is up by 5.04% over the last 24 hours. It has the current trading volume(s) of 1,684,210,517 with a gain of 23.80% over the last 24 hours. AXS has total address of 15,006 with the active address(es) of 278 in the last 24 hours. The chart above shows the movement of AXS where 200 DMA has been running below it and even DMA-50 is below it.

We see the token with respect to SMA’s which are 20, 50, and 200 and it is SMA-20 which is above one(SMA-200) SMA and also above the other(SMA-50). We see an upward shifting pattern where the bulls’ win is visible. The trend line marked shows this upward shifting. The candles formed have marked the monthly high of 53.324. The SMA-20 is now sinking and it seems that  SMA-50 could provide support to it. The percentage change in one year of AXS is not available. The coin has provided gradual returns of 20% on average. 

Its top 10 and 20 holders have more than 95% holdings and the top 50 and 100 have more than 98% which makes the strong supply side of the coin.

An RSI oscillator is also present in the chart which shows the proper time to buy or sell the token. RSI for the last 5 hours shows the value of 56.750 and marks the buy action. MA-5, MA-10 and MA-20 show the buy action. Even MA-200 shows the same buy action. MA-100 shows the sell action. However, the AXS at present is all set to sell. If you wish to do intraday trading then wait as price would fall in coming hours then make a purchase.

The bull/bear power has the value of 2.9449 and shows the buy action. The high/low marks the buy action with the value of 0.6751.

The AXS-BTC pair is trailing at the level of 0.001079 and the gain of 1.32% was seen whereas the AXS-ETH pair is trailing at the level of 0.01842 and the gain of 4.54% was seen in the last 24 hours. The volume/market cap of the token is 0.6243 and its market dominance is 0.17%.

Conclusion: The days range for the coin is 41.1787-45.7187 and presently is at 44.97. The 24 hours high and low of the coin is 45.97 and 41.21 respectively and ATH and aTL are 53.28 and 0.1234 respectively. We observed that the coin might go up again after falling to SMA-50 and retrace from this zone.

Technical Instruments:

Pivot: 44.8871

R-1: 45.5422

R-2: 45.9469

S-1: 44.2320

S-2: 44.8273

Note:

  • The unit is USD
  • SMA-20: Green colour
  • SMA-50: Red colour
  • SMA-200: Blue colour