Axie Infinity price is still under pressure as moving averages tripped bulls.

AXS still delivers bullish signs as the fade remains contained.

Expect a bullish breakout soon that could lead to a major rally by April. 

Axie Infinity (AXS) price is still selling off on the back of a bull trap that formed on the back of the breakout above the 200-day Simple Moving Average (SMA). Although this is a severe blow for bulls, the fade still remains limited. A clear consolidation is ongoing with bulls and bears being pushed toward each other and could see a breakout soon that elevates Axie Infinity price toward $14.05.

Axie Infinity price set to stage a Usain Bolt rally

Axie Infinity has been sliding lower since mid-February after price action nearly peaked at $14.05. What followed was a long slide lower with its turning point in early May. Since then higher lows have been printed in daily performances, and a clear consolidation is happening as we

AXS is thus primed to soon test the waters again at that 200-day SMA near $9.55 and $9.91 for the 55-day SMA. With the ASEAN Gaming Expo ongoing this Wednesday and later this week, some broad investor inflow could be seen filtering in on the back of that. Quite quickly AXS could be hitting $11.52 where a break above would see a very quick push higher toward $14.05, as seen in February.

The bigger risk to the downside in the near term is that AXS is very cyclical. Proof of that can be found in the Relative Strength Index (RSI) where Axie Infinity price clearly each time goes through a downtrend cycle with a bounce toward an uptrend cycle. Seeing where the RSI is now, a drop lower toward $7 could be the initial outcome before the upswing gets underway later this year. 

#AXS #axieinfinity #koinmilyoner #gaming #Launchpad

Today I promised one of my subscribers to do an Analysis on the Axie Infinity (AXS) crypto coin, I want to do a Fundamental and Technical Analysis of the coin in this article.

Axie Infinity is a gaming platform based on the Ethereum blockchain. This gaming ecosystem is a combination of a farm game and a collection of digital assets that can be traded and traded.

One of the key success factors for this coin is the high demand for gaming assets within the Axie Infinity platform. Users actively participate in games and competitions, while buying, selling and exchanging blockchain-based digital assets. Therefore, the more activity there is on the platform, the more demand there will be for AXS.

In addition, the Axie Infinity team is working on expanding the gaming ecosystem and adding new features to the platform. They recently launched the Ronin network, which solves Ethereum's scalability issues and allows for fast and low-cost transactions. This improvement improves the quality of the gameplay and makes Axie Infinity even more attractive to users.

Also, Axie Infinity is actively developing its Decentralized Autonomous Organization (DAO). This allows the user community to take part in the management of the platform, make suggestions and make decisions. This gives users more control over the ecosystem and, as a result, increases their interest in the development and success of the platform.

Finally, don't forget Axie Infinity's strong partnerships. They have partnerships with companies like Ubisoft and MakerDAO, which could bring more users and investors to the Axie Infinity ecosystem.

Based on the above, we can assume that Axie Infinity has the potential for further growth. Users actively participate in games and competitions, and partnerships with large companies increase the credibility of the platform

Axie Infinity is a game where players can buy, sell and trade virtual creatures called Axies. These creatures are used to fight in the game, and they can be upgraded and upgraded with certain items and resources.

The AXS token is used in the game as a means of payment for entering the game, purchasing Axies and other items, and to receive rewards for participating in the game's economy.

In general, the gaming industry has its own unique trends and risks that may differ from other industries. Therefore, when investing in an AXS token, it is important to consider not only factors related to the game ecosystem, but also other factors such as competition, user base, and others.

Based on our fundamental analysis of the Axie Infinity (AXS) coin, we can recommend it for a long-term portfolio investment.

It has the potential to grow with the active and growing user base of Axie Infinity, which may attract more users in the future. In addition, the developers of Axie Infinity are also promoting NFT and DeFi technologies, which can lead to further development of the game ecosystem and an increase in demand for the AXS token.

However, it is important to consider the risks associated with the gaming industry, as well as other factors such as competition and changes in the regulatory environment that may affect the price of the AXS token. Therefore, as with any investment, it is recommended that you do your own analysis and make informed decisions based on your personal assessment of risk and potential return.

As for the Tech Analysis done according to my methodology, we have goals for #AXS

Long-term (taking into account x3 it is generally ideal to take it on Margin)

#AXS Goals

1 - 10.45 (Golden Cross on 1d)

2 - 10.75 (Golden Cross at 4h)

3 - 11.15

4 - 12.30

5 - 14.25

6 - 20.55

⚠️ SL - 9.45 (REQUIRED)

Taking into account the fact that we take a coin at x3 Margin, it is enough for us to make + 35% to the price from the current price of 9.95, then on the 5th target we will already make 100% to the bank or 1 to 1.

Cryptocurrencies are high-risk assets and their prices can fluctuate widely. Therefore, in order to minimize risks and save your investments, it is necessary to follow the rules of risk management and bank management. Don't invest more than you can afford to lose and spread your portfolio across different assets.

Also, don't forget to do your own research (DYOR - Do Your Own Research) before making investment decisions. Use only trusted sources of information, and do not rely on the opinions of other people. The crypto world is changing rapidly and often involves risks that may not be obvious at the beginning. So be vigilant and remember to manage risk in your investment decisions.

#QYZMET #NFTCommunity