Axie Infinity

Coin

<ul class="news-points"> 
 <li><strong>Bulls defended AXS at an important $4 region as sellers got exhausted.</strong></li> 
 <li><strong>AXS may retrace but a recovery above the recent highs depends on the lack of distribution shown by the OBV.</strong></li> 
 <li><strong>Traders are opening more short positions, indicating a bearish sentiment around AXS in the futures market.</strong></li> 
</ul> 
<p>Despite being one of the top performers of the 2020-2021 bull market, many <a href="https://coinedition.com/op-axs-and-apt-are-the-biggest-unlock-events-for-this-october/">Axie Infinity (AXS)</a> bag holders have since been left deep in the red. Although several <a href="https://coinedition.com/altcoins-are-in-the-last-part-of-bear-cycle-michael-van-de-poppe/">altcoins</a> that had a similar performance to AXS have recovered slightly, AXS has faced a double-digit decline over the past year.</p> 
<h2 class="wp-block-heading" id="h-respite-comes-to-axs"><a></a><strong>Respite comes to AXS</strong></h2> 
<p>According to CoinMarketCap, the token’s 365-day performance was an underwhelming 44.11% decrease. But according to crypto analyst Ali Martinez, AXS holders who are “out of the money” could soon heave a sigh of relief.</p> 
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   <p lang="en" dir="ltr">With 98.67% of <a href="https://twitter.com/search?q=%24AXS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$AXS</a> holders "Out of the Money," <a href="https://twitter.com/hashtag/AxieInfinity?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#AxieInfinity</a> is one of those altcoins that looks ready to pop! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f37e.png" alt="🍾" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/AXS?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#AXS</a> investors are in disbelief, selling pressure has gotten exhausted, and an important support floor was created around $4. <a href="https://t.co/Ift5k2o5kH" target="_blank" rel="nofollow">pic.twitter.com/Ift5k2o5kH</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1716503016918974798?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 23, 2023</a>
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<p>As shown above, one reason Martinez shared …</p>
<p>The post <a rel="nofollow" href="https://coinedition.com/axs-shows-signs-of-promise-will-struggling-holders-be-saved/">AXS Shows Signs of Promise: Will Struggling Holders Be Saved?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

AXS Shows Signs of Promise: Will Struggling Holders Be Saved?

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