Axie Infinity Price Movement Since June 16
Analysts claim these displays show clear warning signs that the token face a bearish market spell. Nonetheless, AXS might overcome the challenge altogether, moving past its $23 resistance level. Bulls continue to track how the token’s price will move as it continues to display signs of a bear market momentum.
More to Come
Axis Infinity’s announcement of an Esports competition caused quite a stir on the financial market. The ecosystem’s developers, Sky Mavis, also revealed that they plan to involve community tournaments via the program. All events under this program will receive a cumulative amount of 5K AXS tokens.
According to AXS’s program Blogspot, organizers of the events should submit their proposals by July 29. The thrilling Axie Infinity tournaments are expected to start on August 6 and extend to November 30, all this year. The events will most certainly lead to a price rise in AXS. As the token grows in popularity, the demand outweighs supply. The near future has Axie Infinity bulls licking their lips.
Axie Infinity: Tracing the Dip
AXS hit an All-Time High on July 15, seeing its value hit a whopping $29.29. According to crypto statistic tracker Coingecko, the blockchain asset has a market cap of $1.271B with 55M of 270M tokens in circulation.
Axie Infinity Price Movement in the Last 24H
Its price has dropped by as much as 25% since it hit the ATH; analysts claim that investors shouldn’t wait for any other signal to buy. According to analysts from the Trading view, the token’s price movement suggests intense pressure to buy amongst investors. Although the price action on the AXSUSDT charts insinuates a somewhat bearish momentum, a strong support level standing at $19.92 suggests that it is just facing a minor correction.
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