Bulls Seize Drivers Seat in AXS Market, Will It Hold the Resistance?
CoinEdition
Published Jan 02, 2023 05:10AM ET
Updated Jan 02, 2023 05:30AM ET
Bulls Seize Drivers Seat in AXS Market, Will It Hold the Resistance?
- Recent price analysis suggests that the AXS market’s bears have lost their grip on the market.
- If AXS bulls lift prices over the $6.48 resistance level, prices may continue to rise.
- Will bulls be able to breach the level of resistance, sending AXS prices soaring?
After establishing support at $5.95, a 24-hour low, Axie Infinity (AXS) prices have resumed their upward trend. Optimism persisted in the AXS market, as bulls were able to effectively drive prices up to $6.29, an increase of 5.13%.
Both market capitalization and 24-hour trading volume surged by 5.13% to $630,010,436 and 82.99% to $57,764,719, respectively, implying that market volatility is escalating.
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