$AXS Today, AXS (Axie Infinity Shards) is showing bearish signals. After a recent price drop to $5.101, the overall market sentiment suggests weak demand and low trading volume. The broader crypto market has been volatile, with AXS following a downward trend over the past few weeks. Additionally, investor sentiment around play-to-earn (P2E) tokens, such as AXS, has seen a decline as the market shifts focus towards other sectors like decentralized finance (DeFi) and non-fungible tokens (NFTs).
For the short term, if AXS breaks below $5.00, it may continue to trend downward, testing support at $4.80. On the other hand, resistance is expected around $5.20, which could spark a slight recovery if breached.
**Target Price**: $5.00
**Sell Price**: $5.20 (If price rebounds from resistance)
