AXS Experiences Lethargic Downtrend in Price; AXS is priced $7.36

AXS Experiences Lethargic Downtrend in Price; AXS is priced $7.36

• AXS looks bearish at $7.36, but a bulls rampage could assist it to reach $12.
• Binance CEO questioned whether CarlosOMFGTv shared his API private keys.
• Owner of JellyeSports NFT tweeted that someone had bought millions worth of AXS.

AXS has been moving quite lethargically as far as its vertical movement is concerned. When looking at the infographics of AXS it is quite evident that AXS has been having a gradual downtrend finding new lower lows.

AXS/TetherUS-4h Binance on TradingView

The recent price hike was back in March when the price of AXS rose from $49 to $71 in four days. Since then, the price has been falling up until May.

Once the price fell to $23, there hasn’t been much fluctuation. However, there was a massive price increase yesterday as AXS hit $19 from $7.

As of press time, AXS is trading at $7.36 and is up 16.75% in the last 24 hours, according to CoinMarketCap.

The price of AXS is quite close its the support level indicated in the chart. The 200-day MA and 50-day MA are also sloping downwards, indicating a bearish signal.

However, if the bulls manage to take control of the situation, AXS will be looking at hitting Resistance 1, which is around $12, and if the bulls keep their dominance, it could look to hit $16. Additionally, the RSI is at 58.04, indicating that it is neither overbought nor oversold.

In related news, Crypto enthusiast and owner of JellyeSportsNFT, CarlosOMFGTv tweeted, “Someone, somehow bought a million dollars worth on my Binance account.”

Additionally, he mentioned that this happened without him indulging in the activity.

While responding to CarlosOMFGTv, the CEO of Binance, Changpeng Zhao, asked him if he had shared the API private key with third-party platforms.

In his tweet, Zhao wrote: “Did you share your API key with Skyrex or 3commas, or some other 3rd party platform? If you did, remove those immediately. Our CS agent have spoken with you, right?”

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