The upswing in the price of Axie Infinity looks to be diminishing as attention is being diverted to the BEAM gaming token, which is the equivalent of Axie Infinity.

When compared to BEAM's 150% increase over the same period of time, AXS has increased by 17% over the course of the month, which indicates that gaming aficionados are shifting their focus.

With a potential decrease of 5% to $7.05, AXS would lose all of the ground it had covered following the 12% plunge that was recorded on December 11.

Once the price closes over the $8.06 resistance level, which would signal a new higher high, the bullish prognosis will be rendered meaningless.

The price of Axie Infinity (AXS) is now trading with a positive bias; however, the uptrend looks to be losing pace, as suggested by the relatively weak Relative Strength Index (RSI). While this is going on, on the other side of the fence, BEAM token, which is AXS's competitor in the gaming industry, appears to be gaining popularity. This indicates that gaming aficionados are shifting their focus to attract more actionable market opportunities.

Beam's account shows awful improvements, according to Axie Infinity's data.

Since the opening of trading on December 15, the price of Axie Infinity (AXS) has increased by 17% in a relatively flat or mild slope. During the same time period, the price of the Beam (BEAM) coin has rocketed up by 151%, exhibiting a strong ascent. The market value of BEAM is $1.103 billion, while that of AXS is $975 million; the former is a clear usurper over the latter. This is despite the fact that BEAM entered the market late.

Charts for the AXS/USDT and BEAM/USDT for one day of trading

Because of its powerful technological infrastructure and the active engagement of its community, Beam has been able to achieve exceptional success in the gaming industry, which is often considered to be the most enthusiastic sector for the adoption of cryptocurrencies. One of its defining characteristics is the Beam Software Development Kit (SDK), which makes it simple for game developers to incorporate elements like non-fungible tokens (NFTs) and token economies into their games.

5% of the price of Axie Infinity might be lost.

Due to the fact that the Relative Strength Index (RSI) has already been muted and flattening, the price of Axie Infinity may drop by 5% in order to test the $7.05 support level. On the other hand, the histogram bars of the Awesome Oscillator (A) are saturated with red and are getting closer and closer to the zero line, which indicates that the bears are making progress. In addition, the Moving Average Convergence Divergence (MACD) indicator is crossing below the signal line (the orange band), which further supports the bearish thesis.

In the event that the $7.05 support fails to hold, the price of Axie Infinity may have the ability to continue its downward trend, possibly reaching the $6.32 support level. If this were to occur, it would indicate a 15% decrease from the current levels.

In contrast, if the positive momentum continues to increase, the price of Axie Infinity may continue to go upward, breaking over the immediate barrier located at $7.53. The gains might continue to the $8.06 barrier in a very optimistic scenario. If the gains were to surpass this level, the bearish thesis would be invalidated, which would give the gaming token a good chance of reaching the 9.82 range high.

#axs #beam #gaming