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NewsBTC 2022-08-13 08:03:43

Axie Infinity Under Bearish Grip, But AXS Investors Still Optimistic

Axie Infinity (AXS) price has nosedived following a surprise entry by the bears as seen in the daily price chart. AXS hovering above both the 20- and 50-day EMA Axie Infinity price dropped as the bears slammed investors shut after going all-in with the recent uptick. The AXS/BTC pair has nosedived by 1.66% or at 0.0007748 BTC If the bears can maintain this momentum, the bulls’ effort to recover will be put in vain. Now, to agitate and defeat the bears, the token will need to attract more buyers plus the bulls will need to get their heads together to boost AXS. To date, the trading volume has dropped which is making the investors anxious and poses a bit of concern, especially for the bulls. Related Reading: Sandbox (SAND) Price Up 76% Since June Courtesy Of Metaverse Hype Axie Bearish Stride Short-Lived On the brighter side, crypto experts believe that this recent dip will be short-lived so investors should be ready to dive in once the green light is on. Chart from TradingView.com According to CoinMarketCap, AXS token trades at $18.06, or a dip of 4.29% as of this writing. AXS coin trading volume registered a drop of 0.4% or at 14 million. While the loss isn’t much, it still harbors the danger of eventually pulling the price further down. AXS’s market cap is at 0.09577. The bearish perspective of AXS seems to be nearing its exit as the daily price chats showed multiple EMAs or a successful crossover. MACD on the daily cha...

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