Axie Infinity Shards פּרייס פאָרויסזאָגן ווי אַקסס בערז גראָוולען, אויג 25% קאַפּ

Axie Infinity Shards (AXS), the cryptocurrency that powers Axie Infinity’s web3, non-fungible token-based gaming ecosystem, is one of the worst-performing cryptocurrencies in the top 100 by market capitalization over the last 24 hours at the start of the week. אַקסס/USD was last changing hands around 12% lower over this time period in the mid-$10s, according to CoinMarketCap.

The crypto token, which lives as an ERC-20 smart contract on the Ethereum blockchain, has been falling in tandem with a broader pullback in cryptocurrency prices, which fell on Monday in tandem with traditional risk assets like stocks. The dollar and US yields were both a little stronger on Monday, with markets cautious ahead of a barrage of key macro events this week, including policy announcements from the פאסטעכער, ECB, BoE, US jobs and US ISM PMI data, as well as earnings from a number of big tech giants.

Technical Selling Weighs on AXS

Technical selling appears to explain the token’s underperformance, with AXS now having fallen back to the south of its 200-Day Moving Average at $11.15. AXS/USD broke to the south of a short-term uptrend that had been supporting the price action going back to the 25^th of January. With this uptrend broken, short-term bearish speculators are targeting a test of support in the form of the 5^th of December and 15^th of January highs in the $10.40 and $10.20 areas, which reside just above AXS’s 21DMA at $10.08.

This area also coincides roughly with January’s upwards trend line. It will thus be interesting to see how much appetite the bulls have to buy the dip if Axie Infinity Shards does pull as low as the $10 area. If this week’s macro events go badly for crypto (i.e. a hawkish surprise from the Fed and other central banks plus bad big tech earnings), then risks could even be tilted towards a possible break to the south of this month-long uptrend. The next bearish target would then be support in the $8.0 area, which would mark a 25% drop from current levels.

AXS Alternatives

Investors looking to benefit from the potential growth of Axie Infinity’s promising web3 gaming ecosystem as the broader crypto gaming space gathers pace should consider investing in AXS. But it is always good to diversify, which is why crypto investors interested in the crypto gaming space should take a look at other options.

InsideBitcoins לעצטנס ריוויוד אַ אַרויף-און-קומענדיק פּרויעקט גערופן מעטאַ מאַסטערס גילד, וואָס איז בילעד ווי פּאַטענטשאַלי איינער פון די פאַסטאַסט רירעוודיק-באזירט וועב3 גיימינג פּלאַטפאָרמס פון 2023. די שפּיל-צו-פאַרדינען (P2E) שפּיל ריוואָרדז פּלייַערס מיט קריפּטאָקוררענסי און יוזערז קענען אָנטייל נעמען מיט ניט-פאַנגיבלע טאָקעניזעד (NFT) אותיות.

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