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- 1 Axie Infinity recently rolled out the lite version of their game on the Apple Store.
- 2 AXS price is currently struggling to maintain above the threshold of $7. It saw a surge of 6% in the intraday session.
Axie Infinity is a blockchain-based game that has become very popular among users. The games like Pokeman inspire it and allows players to breed, raise, collect, and battle with the other Axie. Each AXIE is an NFT with different strengths, features, and attributes and can be traded in the marketplace.
The AXIE can be entered into a battle, with the winning AXIE getting more points than others. The game was created in 2018 by SKY-MAVIS, a technology-focused game developer. The developing team of the game is primarily based in Vietnam. There are a total of 11729545 AXIE with a total sales of $2.5 Billion.
Axie Infinity has recently introduced Mavis Market, the first generalized NFT marketplace. RON will be the official currency of the Mavis Marketplace but AXS or ETH can also be used, which will be swapped later. Recently Axie Infinity has rolled out the lite version of their game on the Apple Store.
Axie Infinity has a market cap of $860 Million and is ranked 55th in the CMC. It saw a decline in the total revenue in the past 30 Days. The V/M ratio of AXS suggests a consolidated trend in price.
Will AXS See A High Of $10?
AXS has been moving in a weak momentum in the weekly technical chart. On the daily chart, it is struggling to hold its current level. AXS is trading near the value of $7.3, with a small drop in the intraday session. The upside momentum of AXS can see a halt near the value of $8.5. Meanwhile, the asset price support can be near $6.8. AXS price is trading below the 50 and 100 Daily Moving Averages. If the asset price jumps above the 50 DMA, a strong upside momentum can be seen.
The RSI of AXS is near 48, with a positive slope in the signal line. The overall sentiment of the indicator is a small upside trend.
Summary
Axie Infinity has gotten the green light from the Apple store. AXS price is currently observing a halt but can see a new high in the future.
Technical Levels
Major Support: $6.8
Major Resistance:$8.5
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
