Axie Infinity (AXS) Rallies For 10% Following Rise of GameFi Industry
According to the top 100 cryptocurrencies sorted by market capitalization, Axie Infinity became the most profitable asset on the market, with a 10% price increase in the last 24 hours. The token shows a strong price performance, and it is potentially aiming at a long-term reversal.
As the daily chart of the token suggests, AXS formed a higher low, which is the first indicator of a trend reversal. Earlier, AXS bottomed out at around $12.4 thanks to the historical support level that caused a bounce to $17. The most recent bullish move made by AXS is the successful breakout of the 50-day EMA resistance level, which might act as a trampoline for the asset and launch it towards the next resistance on the chart at around $35, which is almost a 100% increase from the current value of the token.
Source
https://t.me/CryptoMarketTime
