The Axie Infinity Token has reversed its declining trend and started rising higher, seeing a nearly 44% spike this week. Axie Infinity Token interpreted the 100-day moving average line yesterday and is consolidating to reach the 200-EMA. The SuperTrend indicator gave a bullish sign last night over the daily price chart.
Axie Infinity Token price is being seen above the 20- and 50-day EMAs, as well as recently, holders pushed costs above the 100-EMA (Yellow) last night. Besides, the 200-EMA is forming a bullish barrier.
The RSI is moving towards an overbought zone in terms of the daily price chart. While the RSI is at 72-point, it indicates stability in the bullish momentum as long as the price action does not show any bearish signs.
Axie Infinity holders have a chance to achieve their goals once again. Following the sharp rise, the coin could pull back and the 100-EMA could act as a support zone for long-term investors of the AXS token.
Support level - $45 and $35 Resistance level - $90 and $115