AXS price risks deeper losses despite 90% drawdown already By Cointelegraph

Jun 12, 2022


Axie Infinity: AXS worth dangers deeper losses regardless of 90% drawdown already

Axie Infinity (AXS) has dropped by roughly 90% after peaking out at $172 in November 2021.

AXS’s sharp correction has made it one of many worst performing digital belongings among the many top-ranking cryptocurrencies. Furthermore, it might endure additional declines within the coming months, in response to a mixture of technical and elementary catalysts listed under.

Axie Infinity’s working schematic. Supply: Decentralised.co
Axie Infinity statistics since March 2021. Supply: Dapp Radar
versus versus SPX day by day worth chart. Supply: TradingView
AXS/USD weekly worth chart. Supply: TradingView
AXS/USD weekly worth chart that includes “descending broadening wedge” setup. Supply: TradingView