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.
Axie Infinity refreshes record high as AXS ascends 131% in just three days
Traders flock to the gaming cryptocurrency in the wake of a sector-wide price rally. But its gains are comparatively higher—much, much higher.