Looking more clearly, Axie Infinity’s recent financial performance shows various non-fungible token (NFT) asset projects as well as AXS native tokens have soared in recent weeks.
AXS, in particular, has gained wide traction as it can be leveraged by consumers for a variety of decisions related to the Axie ecosystem, also having a highly developed digital marketplace.
At press time, Axie continues to exhibit increasing trading volume day by day, thus breaking into the list of the top 50 cryptocurrencies available on the market today.
Perspective view, since last July 7, major cryptocurrencies such as Bitcoin, Ethereum, Binance coin, Cardano have each declined, yet impressively AXS produced a 120% jump since then until yesterday.
Next, examine the current movement chart of the AXS/USDT price.
When the AXS analysis article was released last week, the AXS was trading around $ 14.7, now producing almost 100% drastic jumps.
However, consistently the price movement has produced over 370% increase in the July market until yesterday with the latest all -time high (ATH) reaching the price of $ 22.8.
From a technical point of view, the price movement still remains with the Bullish trend and has passed the Resistance zone around $ 24 where the price movement is seen hovering above that level either to make a price correction (correction) or continue to rise higher.
As for the next expectation, if the price movement stays with its moving momentum, it will record another all -time high (ATH) level if it has consistent sentiment for the AXS.
Meanwhile, if the AXS price movement again shows a bearish trend, the price movement will re -test the resistance zone around $ 24 before making a lower decline or just a retracement.
At the time of writing, the AXS/USDT is trading at a price of around $ 28 with a market value increasing over $ 1.7 billion in the last 24 hours. The AXS coin is currently ranked 49th in the market.
