September 22, 2021

Axie Infinity, EOS, Bitcoin Cash Price Analysis – 6 September

The alt market sees mixed trading. While some alternative coins see rallies, some remain range-bound with slight retracement. Bitcoin Cash surged 7.4% towards its nearest price resistance at $782.67. Meanwhile, EOS sees increased demand as the token upswing by over 10% since yesterday, trading near the immediate resistance at $6.77. On the other side, AXS trades sideways, and it might plunge towards its nearest support at $68.62.

Bitcoin Cash

BCH retains its upsurges, gaining 7.4% over the past 24 hours. The token trades at its multi-high near $781.72. With that, the crypto neared its overhead resistance at $782.67. Further upside moves will see Bitcoin Cash at a new 4-month high.

Technical indicators show that BCH might see bullishness in the incoming sessions. MACD had green bars appearing on the histogram. Meanwhile, the RSI indicates that BCH is inside the overbought zone. On the other hand, the Bollinger Bands diverge to depict magnified market volatility. Meanwhile, corrective price drops will push the token towards $705.02. Further losses will have Dogecoin hitting the supports at $672.86, then $623.37. The latter is the asset’s week-low.

EOS

The past day had EOS increasing by 10.1% to trade at $6.22. The alt has its nearest resistance laying at $6.77. Meanwhile, the coin’s technical indicators depict bullishness. EOS has registered increasing buying pressure since the start of September.

The RSI highlights overbought cases as it stands over the 75-level. Also, the Chaikin Money Flow maintained over the half-line showing higher capital inflows. Meanwhile, MACD noted green bars emerging on the histogram.

Declined buying pressure might push down towards the support at $5.60. A plunge beneath this mark will have the coin landing at $5.20. This level has propelled the token over the past few weeks. Failure to maintain above $5.20 can push the crypto towards the multi-week lows at $4.53.

Axie Infinity

AXS noted price consolidation as it trades at $82.84. The past 24 hours had the token losing 1.2%, nearing its closest price floor at $79.71. Declining beneath this level will have AXS moving towards $68.62 weekly lows. Meanwhile, failure to maintain this price zone would drag the altcoin beneath its 4-week low at $64.46.

MACD made a bearish cross, showing red bars. Also, the Awesome Oscillator printed red sign bars. Meanwhile, the RSI remains over the half-line. Price reversals might have AXS revisiting its ATH at $92.92.

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