Axie Infinity Could Fall 35% Before Resuming New Uptrend

Source : coinquora.com

Altcoin News

  • Axie Infinity’s (AXS) price could fall 35% in the market.
  • This price correction can occur before it resumes a new uptrend.
  • At the moment, AXS is struggling to fill the gap between its weekly candlesticks.

Regardless of how Axie Infinity (AXS) has orchestrated a huge positivity around the blockchain gaming space, its current price could fall not less than 35% before it can resume a new uptrend momentum. This AXS’s price action was spotted based on how it’s presently performing.

At the moment, the crypto still has the ability to perform well in the crypto market but AXS is not taking a step forward to fill a gap between its weekly candlesticks. As brought by this, there is a high possibility that Axie Infinity will take a free fall from its current weekly candlesticks.

Also, as predicted, it is important to note that the Axie Infinity price correction may not last long. Rather, it is something that could just occur in the short term or vice versa. On one hand, this is not a win-win game for AXS. If it fails to maintain its strength, there is no secret that it will face a deeper decline than the 35% correction.

At the time of writing, Axie Infinity’s (AXS) price is trading at $132.76 with a 24-hour volume. It also has a threshold value of over $8 billion as its market capitalization on Coingecko. For now, this is the only news we have. To serve you more about AXS price action, we are going to keep our eyes open to bring you more updates on how the crypto will perform from now on.   

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