Why is Axie Infinity (AXS) Rising? 25 May 2023
Axie Infinity (AXS), which was recently added to the App Store, continues to rise despite the decline in the market.
AXS, which increased by 26 percent after Apple’s new move, was withdrawn due to the negativity in the market and the effect of the news. AXS, which touched an important support level in the big time frame, showed an increase of 10.80 percent from here. The appreciation of AXS against Bitcoin, which broke the supports one by one, brought the AXS ecosystem one step further.
Axie Infinity (AXS) Grafik Analizi
AXS, which gained 26 percent with Apple’s inclusion of Axie Infinity in the App Store, started to decline with the decrease of the effect of the news. BTC easing to $25,800 momentarily dropped AXS as low as $6.50. The 6.50 level, which worked as a solid support in the past, showed its activity again. AXS found strength from this point, showing an increase of 10.80 percent.
The resistance levels on the AXS side that must be overcome in order to continue the upward trend are 7.06 – 7.39 and the monthly opening price of $7.90, respectively. Situations such as a bearish continuation of Bitcoin or the receding of metaverse games may bring AXS down to 6.50 – 6.26 and annual opening price, respectively.