Date: Sat, Nov 23, 2024, 07:35 AM GMT
The cryptocurrency market is shining with excitement as Bitcoin's (BTC) dominance begins to wane, dropping from a recent peak of 60.40% to 59.39%. This shift comes on the heels of BTC achieving a new all-time high of $99,504 just yesterday, marking a 46% rally in the past month. With Bitcoin cooling off slightly, altcoins are beginning to shine, with major tokens like Cardano (ADA) and XRP leading the charge.
Among these, Axie Infinity (AXS), a standout from the 2021 bull run, is re-emerging as a key player. $AXS has surged by over 12% today, currently trading at $6.59 with a market capitalization of $1.01 billion.

Source: Coinmarketcap
After a prolonged consolidation, the token seems poised for a significant breakout, according to technical indicators and chart patterns.
Gears Up for a Major Breakout
Crypto analyst @WorldOfCharts1 recently shared an optimistic analysis of AXS on social media, highlighting the token's potential for exponential growth. The analysis notes that AXS is trading near the apex of a large falling wedge pattern—a historically bullish setup. Breaking out from this formation could see AXS rally by 4-5x, as it reclaims critical levels of support and enters a new uptrend.

Source: @WorldOfCharts1 (X)
The chart provided by the analyst emphasizes a potential breakout zone around the $7 mark. A clean break above this level could send AXS soaring toward targets in the $25-$32 range, representing gains of up to 500%.
Is a Big Rally on the Horizon?
The technical structure of AXS is aligning with broader market conditions that favor altcoin rallies. Historically, falling wedge patterns often precede massive price movements, as they reflect a compression of price volatility before a breakout.
A breakout above the key level of $7 could act as a launchpad for an even bigger rally. This level serves as a psychological and technical barrier, and clearing it would likely attract significant buying interest. Such a move could set AXS on a path to test higher resistance levels, potentially igniting a strong bullish trend.
If momentum persists beyond $7, the token's rally could gain exponential strength, validating projections of a 4-5x increase from its current levels and positioning AXS as one of the market's top performers in the coming months.
Conclusion
Axie Infinity (AXS) is positioned for a potential breakout, with a chart structure and market sentiment that strongly hint at further upside. If it clears the key resistance zone at $7, AXS could become one of the standout performers in the ongoing altcoin rally. While the technical suggest a 4-5x move, investors should remain cautious and conduct their own research before entering the market.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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Hey everyone! Let’s talk about Ronin Coin (RON) – the backbone of the Ronin Network, which powers the legendary Axie Infinity ecosystem. Right now, RON is trading at $1.46, but let me tell you why this might just be the beginning of something BIG.
🚀 Where RON Could Be Headed
Here’s the deal: Blockchain gaming is exploding, and Ronin is perfectly positioned to ride this wave. Over the next few months, I’m eyeing some juicy price levels:
Short-term goal: $3.35
Mid-term target: $4.50
Long-term target: $7.00
Mega Bull run target: $40
Why? Simple. As more games and NFT projects build on the Ronin Network, demand for RON will go through the roof. And with its low transaction fees and blazing speed, Ronin is quickly becoming the go-to chain for gamers and developers alike.
🔍 Why I’m Bullish on RON
Strong Fundamentals: With a market cap of $527M and circulating supply at 360.96M, there’s still so much room to grow.
Crazy Volume Spike: The last 24-hour trading volume shot up by 73.90% to $37.50M. That’s some serious momentum!
Real-World Use Case: RON isn’t just another random token; it’s fueling an ecosystem of play-to-earn games and NFTs. This is utility in action.
📊 Let’s Talk Charts
Support levels: We’ve got solid ground at $1.26 and $1.00, so any dips could be great entry points.
Resistance ahead: Watch out for $3.35 and $4.50 as breakout zones.
The Big Picture: If RON can keep up this trend, we’re talking about $7.00+ in the coming months.
The recent breakout from that tight consolidation phase? That’s textbook bullish behavior. If you’re into technicals, this is where the magic starts happening.

💡 What Makes RON Stand Out?
Built for Gaming: It’s part of Axie Infinity’s DNA, and let’s be real – gaming isn’t slowing down anytime soon.
Super Cheap and Fast: Ronin’s low fees and speed are a no-brainer for gamers and NFT enthusiasts.
Deflationary Potential: As the network grows, tokenomics could tighten, making every RON you hold even more valuable.
My Take?
RON is more than just another coin; it’s a ticket to the future of blockchain gaming. Whether you’re a gamer, a developer, or an investor, now’s the time to take notice.
🌟 Final Thought: Don’t sleep on Ronin. This isn’t just a project; it’s a movement. With the gaming industry booming and Ronin leading the charge, the next few months could be game-changing. Literally.
#Ronin #cryptogaming #NFT​ #playtoearn #AxieInfinity

Rare Era is over and Epic Era has begun. It will last for two weeks with a total prize pool of over 39,000 $AXS . A new game mode was added — Blitz mode, where each turn lasts only 20 seconds, and the animation is 1.5 times faster, also during this stage will be event in honor of St. Patrick's Day.

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The launch of $RON Staking is coming soon, in order to participate in it you need to become a Bridge Operator. Bridge Operators process deposits and withdrawals between Ronin and Ethereum currently. $8 million has been allocated to reward such operators for 8 years of staking. The developers also wrote a formula for calculating commissions in their article.

https://roninblockchain.substack.com/p/ron-staking-rewards-schedule

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Season 3 has started! This season, players will receive twice as much $SLP and 50% more Moonshards for winning on all ranks. A newly adjusted stamina system also allows players to continue earning Moonshards even when they run out of stamina. New runes, amulets, and game balance tweaks have been added.

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