Japanese gaming giant Konami will launch NFT platform Resella on the Avalanche (AVAX) blockchain.#TheBlockreports.
#Konami believes that this particular network will provide “unprecedented efficiency with zero gas costs for users.” Plus, blockchain offers consistently high data processing speed.
The company first announced the NFT platform#Resellain 2023. It is focused on the development and release of non-fungible tokens, ensuring the interaction of various services with gaming projects.
Representatives of the publisher believe that NFTs created in the gaming environment are capable of going beyond virtual boundaries. They can be used as event tickets or unlock access to exclusive products.
Market capitalization of#Konamiis $9.3 billion.
This does not keep the#AVAXprice from the general correction in the market. As they wrote about the coin on April 11 at the rate of $46.03, “the correction is most likely not over yet.” We called the EMA 200 of the daily TF (at that time $35.37) and the EMA of the 50 weekly TF (at that time $30.7) our targets for reduction. The price in recent days has gone even lower - $25.05. Towards the lows of December 2023.
According to all the indicators we use, the asset is oversold or close to it. Having formed an ABC correction to the five-wave growth structure from March 18. Once again showing the signal from the trend reversal indicator. At the very least, a rebound suggests itself. To the volumetric, mirror and psychological level of $30.64. Where does the EMA 50 of the weekly TF fit now (currently $31.53). Which needs to be broken through for further growth.
Skeptics will see the G&P on the chart. But those who want to see how GIs break down in a bull market can look at the UNI chart.
