Axie Infinity, (AXS) – Can gamers drive the price even higher?
AXS is an NFT token that players can use to control the blockchain-based Axie Infinity game.
The chart of the AXSUSDT pair shows that today the price has updated the high, which it formed three times in April of this year.
However, to continue to grow, the price needs to fix above $11.30.
If this does not happen today or tomorrow, then the AXSUSD pair may expect a correction.
An important level for correction is $7.50. If buyers there actively begin to buy back the price, then it will be possible to confidently enter the long, because there will be at least x2 growth ahead of up to $15.75, or even higher up to $20.
If buyers lose the level of $7.50, then the price will go lower. Below there is a liquidity zone of $3-5, where the position was gaining before the current impulse.
And even lower is the strong mirror level of $2, which during the growth in February played the role of resistance. And already in the fall in May it deftly played the role of support from where the aggressive buyout began.
P.S. On Monday, we plan a stream, where we will analyze the crypto coins that are of interest to you. Also we will discuss what we can expect from the crypto market next week. Therefore, follow the link and write the coins that interest you in the comments under the stream!
Terra Luna – Is the rocket launch to the moon soon again?
Terra is a blockchain protocol that uses stablecoins pegged to fiat currency to provide a stable price for global payment systems.
LUNA is a Terra token that is used to stabilize the price of protocol stablecoins, and LUNA owners can submit management proposals and vote for them.
For 4.5 months, the LUNAUSDT cost soared by x80 and this is a cool result.
As you call a boat, so it will float, thought the project creators and sent the LUNAUSD price to the moon)
After a strong growth rally, a logical correction began. At first, it was smooth, where those who were more cunning were selling out. And during the fall in May, the correction became simply vertical downward. As a result, the LUNAUSDT price corrected by -82% from the high.
Further, LUNA investors were waiting for almost two months of consolidation in the zone of $4.70-7.50.
Now we don’t really want the price to fall below this consolidation, it’s time to complete it and grow back. For this, buyers should not be allowed to lower the price below $5.
Below $4.70-5, there will be the place for a fall, where $3 can act as the first level to stop.
Although, as can be seen from the chart on the way up, more or less liquidity zones were $0.77-0.88 and $0.40-0.50, even we hardly believe in such a pessimistic forecast.
Therefore, for now, we take the white script as a basis.
YFII price started a local wave of fall
Starting in October 2020, the YFII token price is moving in broad consolidation with the limits of $1169-3682. The last time sellers tested the lower limit of this consolidation was in May 2021. After this event, buyers have been trying for 2 months to take control of the YFIIUSDT market into their own hands.
The first important step has been passed – buyers did not allow the local low to be updated on 22 June and began to move the price in the growth trend channel.
The second achievement of buyers is the consolidation midline test ($2400 mark). Though, buying this token is quite dangerous now, since the probability of a price decrease to $1650-1750 is maximally high. Buyers lost the liquidity range of $2220-2250, which they gained thanks to high volumes. In addition, the lower trendline of the growth channel is now under the control of sellers.
On the 3-day chart, we see that a local attempt by buyers to continue the upward trend is taking place at low trading volumes. In addition, the last 3-day candle has every chance of closing with a pin up. This fact can be a signal for another test of buyers’ strength.
A serious buyer is in the range of $1650-1750, he kept sellers’ attacks, allowing them only to form false breakouts. Therefore, this range is perfect for buying the YFIIUSD token for a medium-term trade with a target of $3682.
P.S. At the mark, the YFII price may bounce up to the range of $2100-2140. If in this range there is no noticeable big pressure from buyers and high trading volumes, we can catch a good trade by 20%.