Price Analysis

NFTs Displaying Their Acute Strength as Apecoin(APE) & Axie Infinity(AXS) Price Aim at a Double-Digit Gain!

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Mar 25, 2022

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Highlights

    Apecoin(APE) & Axie Infinity(AXS) price rallied high since the early trading hours and may continue with the bullish momentum ahead

    Registering a bullish daily close may ignite a notable uptrend throughout the weekend to attempt for a bullish quarterly close

Axie Infinity(AXS)

Axie Infinity ignited a strong uptrend a couple of days before and increased more than 44% till now. The asset appears to be extremely strong at the moment with most of the indicators being extremely bullish. The asset in the higher time frame has broken the descending trend line and surged pretty high. However, the AXS price appears to be unstoppable until it reaches a 3-digit figure. 

The price is currently maintaining extreme bullish momentum after breaking through the important descending triangle. However, to achieve the desired target above $100, the AXS price is required to clear the mandatory levels just below $90. As the 0.5 FIB levels are around these levels and clearing these levels is highly mandatory. 

Apecoin(APE) 

The Apecoin jumped in action ever since the asset incepted with its trade. The price quickly smashed its ATH and further witnessed a slight pullback. No doubt the price quickly recovered to a larger extent yet is hovering constantly within a healthy consolidation. And possess an extreme bullish momentum but need to sustain above $13. 

The asset is consolidating healthily but very soon the chances of a breakout are extremely high. As the asset is maintaining a notable ascending trend since it flipped the bottom just below $10. And hence a daily close above $13 is pretty mandatory to maintain a substantial uptrend. And hence the hopes for a bullish weekly close may prevail that may, in turn, ignite a bullish quarterly close. 

Also Read: Apecoin ($APE) Becomes The Most Traded Token Among Ethereum Whales ! Is it Worth Buying?

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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