InstaForex

July 6, 2021

Inspired From Pokemon Games, Axie Infinity (AXS) Has Rocketed 170%!

 Axie Infinity is a blockchain-based trading and battling game, while some are owned and operated by its players.


Inspired by popular games like Pokemon and Tamagotchi, it allows players to collect, breed, preserve and fight.


Created in 2018 by Sky Mavis, co -founded by Trung Nguyen and Aleksander Larsen.


Axies come in a variety of shapes with over 500 different body parts, including aquatic parts, animals, birds, bugs, plants and replicas.


Each Axie is a non-fungible token (NFT) with different properties and strengths and can be put into a 3v3 battle, the team that wins the battle gets more experience points (exp) that can be used to raise Axie's stats level or expand their body parts.


Interestingly, these Axies can breed together to produce new and unique offspring, which can be used or sold in the Axie market.


Next, examine the current movement chart of the AXS/USDT price.



AXS has set an excellent market record in the 2021 market by producing an aggressive rise of over 2,500% recording its latest all -time high (ATH) at the $ 11.52 price level on April 20 last year.


At the end of June until yesterday, the price movement has seen a bullish trend produce over 170% positive gains which attracted the attention of investors.


From a technical point of view, the price movement is now declining back to the RBS zone (resistance become support) around $ 8 either making a price correction (correction) or continuing the decline.


For further expectations, if the price movement continues to decline and passes the RBS zone around $ 8, the next RBS zone around $ 6.5 will be the focus to test whether to rebound or make a decline to the lowest zone ever recorded before.


However, if the AXS price shows a bullish trend again, the price movement will retest the resistance zone around $ 9.5 before making a higher rise.