Axie Infinity (AXS) hit a new all-time high on October 4th.
Small Love Potion (SLP) broke a descending wedge and bounced off the $ 0.065 support area.
SandBox (SAND) has broken the descending resistance line and is approaching its all-time high.
AXS has moved up since breaking above the descending resistance line on September 23rd. The move is supported by the RSI and the MACD, both of which are bullish.
The uptrend accelerated significantly on October 1st with a large bullish candle. On October 4, the token hit a new all-time high of $ 153.79.
The next resistance is at $ 169, the Fibonacci retracement resistance outside of 2.61 of the overall decline. Neither the MACD nor the RSI are showing any bearish signs. Hence there is no weakness in the current trend.
Daily AXS / USDT Chart | Source: TradingView
- AXS has broken out of the descending resistance line.
- It hit a new all-time high on October 4th.
The SLP has fallen into a declining wedge since hitting an all-time high of $ 0.41 on July 13. The downtrend continued until it hit a low of $ 0.055 on May 21st.
After that, the token popped up and confirmed the USD 0.065 area as support. It finally broke the wedge on October 1st and accelerated the climb on October 4th.
The breakout is supported by both the MACD and RSI, which are both bullish. The latter indicator has moved above the 50 mark.
The closest resistance ranges are at $ 0.19 and $ 0.23. These are the 0.382 and 0.5 Fib retracement resistor values.
Daily SLP / USDT Chart | Source: TradingView
- SLP broke out over a descending wedge.
- It bounced off the $ 0.065 support area.
The SAND has been increasing since September 29th. The next day, it broke a descending resistance line since the August 30th all-time high of $ 1.20.
The ongoing breakout is supported by both the RSI and the MACD. The first index just moved above 50 while the second entered positive territory.
The next area of resistance is at $ 0.97. This is both a horizontal resistance range and a 0.618 fib retracement resistance when measuring the total decline.
If the token manages to overcome it, the next resistances will be the all-time high at $ 1.20 and the area of $ 1.58 created by the external fib retracement level of 1.61.
Daily SAND / USDT Chart | Source: TradingView
- SAND has broken out above the descending resistance line.
- There is resistance at $ 0.97.
You can see the coin prices here.
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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
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