The price of AXS asset has been displaying bearish behavior and has been declining consistently on the daily chart, indicating a potential further downward trend. The asset's performance was poor last week and last month, with a drop of -3.59% and -25.95%, respectively, which suggests a stable downtrend.
The price of Axie Infinity crypto has significantly dropped...
The chart highlights the price performance of Axie Infinity (AXS) in the past couple of days amid the token unlocking. It could be clearly noticed that before the token unlocking actually took place, there was positive sentiment for the AXS token. However, after the unlocking, there has been significant selling pressure which brought the price level down from its...
1/ Axie Infinity price is consolidating inside a pennant, hinting at a breakout.
2/ The pennant fits into a larger optimistic pattern known as bullish pennant, forecasting returns ranging from 33% to 200%.
3/ AXS might drop to the demand zone ranging from $106 to $114 before kick-starting a new uptrend.
As of August 7, 11:00 am, Axie Infinity's SLP Value went down to a value of Php. 9.12 and AXS Value boomed to Php. 2,145.59 compared to August 6, 11:00 am update, where SLP is as high as Php 10.01 and AXS amounted to Php. 2,135.55 only.
