Recent price movements of Injective (INJ) and Axie Infinity (AXS) on financial charts have gained attention from analyst Crypto Tony. According to him, INJ needs to reclaim the $31.00 resistance level for trend continuation.
It is crucial to note Injective is trading at $26.51 at press time, with a 24-hour trading volume of $91,901,747.65. The price reflects a 1.99% price increase in the last 24 hours and a 3.06% increase over the past seven days.
In particular, INJ experienced a notable upward movement in December 2023, peaking at around $56.00 in early January 2024. The price then entered a downtrend, declining to around $30.00 in April 2024 and further to the support level of $20.00 in May 2024. Recently, the price has been in a minor uptrend, trading at $26.51, indicating consolidation within the $20.00 to $31.00 range.
Axie Infinity (AXS) is also at a critical juncture, as noted by CryptoBusy on X, in a separate post. Per his post, reclaiming the $9.30 level would make for a safer entry point. At press time, AXS is trading at $8.45 with a 24-hour trading volume of $77,497,727.37. The price has increased by 2.28% in the last 24 hours and 12.19% in the past seven days, according to CoinGecko, indicating a recovery phase.
AXS saw an upward movement starting in December 2023, reaching a peak of $14.50 in early March 2024. Following this, the price declined to around $10.00 in April 2024 and further to the support level of $6.00 in May 2024.
Recently, AXS has shown signs of recovery, trading at $8.45, with analysts watching for a break above the mid-level resistance of $10.00 to confirm continued upward momentum. For INJ, breaking the $31.00 level is essential for continuation, while AXS needs to surpass the $9.30 level for a safer entry.
