AXS Price Analysis: Can Quick Recovery Sustain Above $15.7 Mark?

On July 16th, the AXS price gave a bullish breakout from a six-week-old descending triangle pattern. This breakout offers a recovery opportunity for coin holders, and as per the technical setup, it should lead the price to the $24 mark.

Timeline of Axie-infinity

Binance has significantly reduced the size of its investment in Axie Infinity developer Sky Mavis. The post Binance scales back investment in Axie Infinity developer's post-hack fundraise appeared first on The Block.

Axie Infinity saw a high decline in sales volume in June due to an overall bearish market, which led to decreased investor interest in non-fungible tokens (NFTs). The post Axie Infinity Sales Hit 2022 Low, Crashing More than $120 Million appeared first on BeInCrypto.

Play-to-earn (P2E) game Axie Infinity is seeing a turnaround in fortunes after its latest performance in the NFT market. The project has been attracting new customers with many developments on the platform.

Axie Infinity (AXS) has been moving upwards since June 18 but has yet to break out from a descending resistance line. The post Axie Infinity (AXS) Breaks Down From Short-Term Pattern appeared first on BeInCrypto.

The Metaverse tokens crash amid the broader market correction and coins like Sandbox, Enjin Coin, Decentraland, and Axie Infinity all tumbled by about 6% in the past day so let's read more today in our latest altcoin news. The heavyweights in BTC and BTC, the popular metaverse tokens crash amid the broader market correction.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. On a higher timeframe chart, Axie Infinity [AXS] formed a range since mid-June.

Axie Infinity co-founder and CEO Trung Nguyen recently took to Twitter to inform the community that “nature is healing.” The fall of Axie Infinity At its peak, the Pokemon-inspired play-to-earn game was trouncing the competition.

AXS could recapture its former glory if market participants view the launch of land staking, increasing activity on the Ronin bridge and upcoming roadmap targets as bullish catalysts.

The latest report on the Axie Infinity/ Ronin bridge hack is too good to be true. Especially considering the FBI claims a North Korea-sponsored hacking group is responsible for it.

Axie Infinity's AXS token retraced below $15 in the first week of July after a brief rally towards the end of June. Its latest performance has been characterized by ranging price action, indicating a lack of directional price pressure.