- As bear power wanes in AXS, prices are being driven higher by bull supremacy.
- Technical indicators state that the current positive trend in the AXS market will continue.
- In the past 24 hours, AXS has encountered resistance at $9.43 and support at $7.82.
Over the past week, bulls in Axie Infinity (AXS) have won, and prices have been steadily going up. The digital currency ran into resistance over the last 24 hours when it reached its intra-week high of $9.43. As of press time, AXS was trading at $8.64, up 19.49% from its intraday low of $7.17, which served as its support level.
In line with this bullish trend, market capitalization and 24-hour trading volume both increased by 21.47% to $855,174,938 and 1083.47% to $713,491,959, respectively. High trading volume suggests that there is buying pressure present, and further bullish momentum is therefore anticipated as investor demand drives the stock to ever-higher prices.
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