Stellar, Axie Infinity & Bitcoin – American Wrap 24 September

Bitcoin Weekly Forecast: BTC price surges despite threat of crash to $36k

Bitcoin price shows signs of exhaustion as it continues to recover after the recent crash. The majority of the on-chain metrics remain bullish, but the downside threat remains. A failure to hold above $40,000 will likely trigger a move to $36,000. Bitcoin price shows lackluster performance after the recent crash, giving rise to the credibility of the run-up to $50,000. As the September 24 daily candlestick bathes in red, the chances of an uptrend continue to diminish. 

Axie Infinity nears the end of bearish outlook as AXS contemplates 25% gains

A brief technical and on-chain analysis on Axie Infinity price. Here, FXStreet’s analysts evaluate how AXS behaves as it trades above key support.

XLM Price Prediction: Stellar traps bulls as it targets $0.195

Since Wednesday, the Stellar (XLM) price has been paring back losses, but price action has already started to fade on XLM. Bulls cannot push the price above $0.30, and XLM price has startedto form a bull trap. A further downturn would spell more buyers’ headaches as the downtrend would still be intact and attract more sellers to the stage.