Axie Infinity is a famous blockchain game based on the enormously popular Pokemon video game franchise. It is an open-ended, highly adaptable gameplay system that allows players to gather various digital pets known as Axies.
Axie Infinity is a blockchain-based trade and battle game in which participants own and run a portion of the company.It allows players to collect, breed, raise, combat, and trade token-based animals known as Axies. Axies come in a variety of shapes and sizes, with over 500 distinct body parts to choose from, including aquatic, beast, bird, bug, plant, and reptile parts. Axie Infinity Shards (AXS) and Smooth Love Potions (SLP) are the two major tokens utilized in the Axie Infinity ecosystem . AXS holders are a member of Axie’s decentralized organization and can help influence the platform’s future as the platform’s native governance token. Let us review the AXS price
AXS Price Prediction
Bullish Scenario: AXS might retrace back to support levels $57.30. After retracements, if AXS manages to break above the resistance level at $71.50 then it would be bullish. Breaking above the $71.50 price level with significant buying volume will lead to a move towards $89.60 and $111.45.
Bearish Scenario: AXS has been in a downtrend since the last few months so we don’t have a strong bullish bias for long-term yet. If the support level $57.30 doesn’t hold then it will drop further towards $44.10, $29.07 and below sooner or later.
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