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Why Axie Infinity [AXS] could see a near-term setback before bouncing back

ambcrypto.com

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Soon after Axie Infinity AXS approached to test the $12-support, buyers provoked a week-long rally in an ascending channel (white).

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Bitcoin AXS
$ 11.265

Timeline of Axie-infinity


Axie Infinity is about to end its bear cycle- assessing the odds - AMBCrypto

The last two quarters have been rough for Axie Infinity [AXS]. The GameFi has not only been the victim of one of the largest crypto hacks but has also swayed with the bearish sentiment in the broader market.


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

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.


Binance scales back investment in Axie Infinity developer's post-hack fundraise - The Block

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 Sales Hit 2022 Low, Crashing More than $120 Million - BeInCrypto

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.


Axie Infinity: This is how AXS is recovering after $600m exploit - AMBCrypto

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) Breaks Down From Short-Term Pattern - BeInCrypto

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.


Metaverse Tokens Crash Amid Broader Market Correction - DCForecasts

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.


Axie Infinity [AXS] advances on the price chart but could the bears have laid down a trap? - AMBCrypto

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 attempts to entice players back by saying “nature is healing” - CryptoSlate

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.


P2E gaming is in a rut, but Axie Infinity (AXS) could rebound for 3 key reasons - Cointelegraph

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.

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