Momentum

Axie Infinity

Coin

<ul class="news-points"> 
 <li>Axie Infinity (AXS) soars to a 175-day high with a 35% potential upside, but caution is advised below $6.70.</li> 
 <li>The resurgence of Axie Classic and a new merch store fuel AXS’s bullish momentum in the crypto market.</li> 
 <li>MACD signals bullish sentiment, but overbought conditions indicate a possible correction for AXS.</li> 
</ul> 
The cryptocurrency market is witnessing a significant surge in the value of Axie Infinity (AXS), which has recently reached a 175-day high. The momentum began with a breakout from a descending resistance trend line on October 21, marking a notable shift in the digital asset’s trajectory. Since then, AXS has seen a rapid increase in value, with its price touching $7.51, the highest since early June. 
​​As a result, AXS’s market capitalization and 24-hour trading volume increased by 13.47% and 548.09%, to $935,154,254 and $518,052,082, respectively. This suggests that the breakout from the descending resistance trend line has inspired confidence among traders, who forecast additional price rises soon.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/hBVSXBn759wIWB2bHMt6_H17ju5Y-WNSLwVEupXleSt_CigrOHdKrXOQWuhpk96Nh_au7B8rR4cGAWxBpzJ1feSeNEKYxrpo8GVXmaAX6l905plT2uJStw0pqp7T0T0IkqThoa3xhKZ0o4d_v-_r4wU" alt="">
 <figcaption class="wp-element-caption">
 AXS/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/axie-infinity/" target="_blank" rel="nofollow">CoinStats</a>)
 </figcaption>
</figure> 
Several developments have contributed to this positive trend. The resurgence of the original Axie Cl…
The post <a href="https://coinedition.com/axie-infinity-axs-soars-to-a-5-month-high-bullish-momentum-ahead/">Axie Infinity (AXS) Soars to a 5-Month High: Bullish Momentum Ahead?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Axie Infinity (AXS) Soars to a 5-Month High: Bullish Momentum Ahead?

Coin Edition

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