Axie Infinity is painting a giant bearish pattern — will AXS price crash another 95%?
Axie's monthly revenue has dropped over 98% from its August 2021 peak of $364.4 million.
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Axie Infinity: AXS price risks deeper losses despite 90% drawdown already
Interestingly, an AXS technical setup also predicts a 2,500% price rally despite the token facing major headwinds ahead.
Is Axie Infinity overheating? AXS price hits record high following 100% QTD rally
The gaming token, which reached $150 in the early UTC hours of Monday, risks correcting below $90 as a key technical indicator identifies its overbought conditions.
Axie Infinity (AXS) gains over 45%, but ‘death cross’ fears persist
AXS may form a death cross between its 20-day and 50-day exponential moving averages, despite the latest rebound.