- INJ must reclaim $31.00 for continuation, trading at $26.51, up 1.99% in 24 hours.
- AXS needs to break $9.30 for a safer entry, trading at $8.45, up 2.28% in 24 hours.
- INJ and AXS are consolidating with minor uptrends, analysts watching key resistance levels.
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.
