The crypto market remains sluggish and continues to hold a steady market cap figure of $1.26 trillion.
Most of the cryptocurrencies on the market appear green at the moment but are registering extremely small gains. This is because of the indecision that follows the incoming monthly candle close for most cryptocurrencies.
In all, the market looks like this:

Coinglass data shows that the amount of liquidations over the last day is higher than yesterday’s, but still shows a lack of volatility in the market’s movements.

Available data shows that traders and investors have lost about $60 million over the last day, with the bulls taking a $22.39 million hit, and the bears coming in at a $37.73 million loss. Let's go over what Bitcoin and the altcoins are up to:  

Bitcoin Continues Stalling At $34,200
According to the charts, Bitcoin remains steady above its 7-day moving average, somewhere around $34,200. However, that’s just about it.

So far, the bulls have shown no considerable desire or ability to push the price of Bitcoin higher than $34,500. The weekly candle successfully closed above $34,200 on Sunday, which is a good sign for Bitcoin.
However, we still have to wait for the monthly candle to close above $34,200. Judging by this, investors may have to wait a day or two longer for a potential rally (or crash).    

Here’s Why We May Be Seeing A Massive Rally On Ethereum
On Ethereum’s daily chart, conditions look like this:

It's the same old story. Ethereum is under a major descending trendline and may be having a hard time breaking through. However, the weekly chart looks like this:

The cyan line you can see above Ethereum’s price action is the 99-week moving average. Ethereum remained above this moving average for most of its time during the last bull cycle, and only broke below in the heat of the current bear market around May 2022.
Ethereum is now headed for a retest of this moving average, and its price action around this zone might be an interesting one to watch.  

$SLP : Gaming Tokens Explode
Smooth Love Potion, or SLP is a gaming token that players can use within the axie infinity game to breed new axies.
SLP was a big deal back during the last bull run, owing to its impressive price action and its inherent volatility. It turns out that SLP is back, and is now the #1 gainer on Binance.

In the charts, the price action on SLP remained pretty much dead over the last few quarters.

However, the cryptocurrency appears to be doing something resembling a recovery, or a "dead cat bounce".  

You Can’t Have $SLP Without Axie Infinity ($AXS )
It happens that the entire Axie infinity ecosystem may have come alive. According to Binance’s rankings, AXS is also the 5th top gainer over the past day, with a 15% price increase.

AXS is the key governance token of the Axie Infinity ecosystem and is used to participate in governance votes. AXS’s price action in the charts, though, appears to be “legit”

The cryptocurrency has been stuck under a descending trendline for most of the year and even declined while other cryptos rallied.
However, AXS appears to have broken out and is now facing resistance somewhere around $5.9. It might not be so smart to jump in without a plan. So let's make one.

AXS is testing resistance somewhere around $5.9 as mentioned earlier. It might be a good idea to wait and see if a break and close above this line occurs.
If one does occur, we may see a resulting price rally straight up to $8.5. If one doesn’t occur, however, traders can ride the resulting correction wave down to the $4 support.

#bitcoin #Ethereum #SLP #AXS #BTC
$SLP $AXS