Axie Infinity Shards is Down for the 2nd Day in a Row

The Hourly View for Axie Infinity Shards

  • Currently, AXS’s price is down $-0.02 (-0.09%) from the hour prior.
  • It’s been a feast for bears operating on an hourly timeframe, as Axie Infinity Shards has now gone down 4 of the past 5 hours.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Axie Infinity Shards’s hourly price chart is shown below.

AXS

The Daily View for Axie Infinity Shards

  • At the moment, AXS’s price is down $-0.02 (-0.09%) from the day prior.
  • The daily chart shows that Axie Infinity Shards has seen 2 straight down days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
  • Divergence between AXS’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in AXS’s price.

Below is a daily price chart of Axie Infinity Shards.

AXS

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