{"id":2621,"date":"2022-01-10T02:46:58","date_gmt":"2022-01-10T02:46:58","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=2621"},"modified":"2025-12-30T08:46:51","modified_gmt":"2025-12-30T08:46:51","slug":"analyst-warns-this-metaverse-coin-is-in-danger-of-fall","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/analyst-warns-this-metaverse-coin-is-in-danger-of-fall\/","title":{"rendered":"Analyst Warns: Axie Infinity (AXS) in Danger of Fall"},"content":{"rendered":"\n

The cryptocurrency market has experienced corrective price movements recently, significantly impacting the popular metaverse coin project Axie Infinity (AXS).<\/p>\n\n\n\n

As a result, AXS<\/strong> has retreated from its all-time high (ATH) level by 60%, with ongoing selling pressure as trading volume weakens.<\/p>\n\n\n\n

According to experienced analyst Jonathan Morgan, if AXS<\/em><\/strong> continues to show notable gaps between the bodies of its candlesticks and the Tenkan-Sen line, a price jump could be anticipated.<\/p>\n\n\n\n

\"Analyst<\/figure>\n\n\n\n

At present, AXS has found temporary support at the $70 mark. Analysis shared by Metaverseplanet.net<\/a><\/em><\/strong>, originally by Jonathan Morgan, suggests that AXS might undergo a period of consolidation before determining its price trend direction.<\/p>\n\n\n\n

The second largest high volume node at $70 on the Volume Profile has created a support zone for AXS. However, it remains uncertain if this will be sufficient to counteract further selling pressure.<\/p>\n\n\n\n

The gaps between the bodies of daily candlesticks and the Tenkan-Sen line might temporarily restrain how low the Axie Infinity price can go, but this could also potentially be a brief pause before another potential price drop.<\/p>\n\n\n\n

\"\"<\/a><\/figure>\n\n\n\n

The Volume Profile for Axie Infinity (AXS)<\/a><\/em><\/strong> shows a significant thinning between $65 and $50, indicating that this range is where the next primary support zone is likely to be established. The $50 mark is crucial for several reasons.<\/p>\n\n\n\n

Firstly, it represents a significant psychological threshold for investors. Secondly, there is a high-volume node in the $45-$50 value area, adding to its importance as a support level.<\/strong> Thirdly, the closest Fibonacci retracement level (38.2%) is situated at $46, reinforcing the significance of this area.<\/p>\n\n\n\n

Should the Axie Infinity price fall below $65, the $50 value area is expected to act as a barrier against further bearish momentum.<\/p>\n\n\n\n

For a shift in the current bearish trend, bulls would need to drive the price of Axie Infinity above the daily Kijun-Sen and achieve a close above $95. This movement would be necessary to negate the prevailing downward trend and potentially signal a turnaround in the coin’s market performance.<\/p>\n\n\n\n

\n\n\n\n

What is AXS (Axie Infinity<\/strong>)<\/h2>\n\n\n\n
\"\"<\/figure>\n\n\n\n

Axie Infinity<\/a><\/em><\/strong> is a blockchain-based “play-to-earn<\/a><\/em><\/strong>” (P2E) video game inspired by Pok\u00e9mon. In the game, players collect, breed, raise, battle, and trade digital creatures called “Axies,” which are unique NFTs<\/strong> (Non-Fungible Tokens).<\/p>\n\n\n\n

AXS (Axie Infinity Shards)<\/strong> is the primary token of the Axie Infinity ecosystem. It serves two main purposes:<\/p>\n\n\n\n

    \n
  1. Governance:<\/strong> AXS holders can stake their tokens to participate in governance votes, helping to make decisions about the future development of the game and the management of its Community Treasury.<\/li>\n\n\n\n
  2. Staking:<\/strong> Holders can “stake” (lock up) their AXS tokens to earn weekly rewards.<\/li>\n<\/ol>\n\n\n\n

    In simple terms: Axie Infinity is the game, Axies are the NFT creatures you play with, and AXS<\/strong> is the token that gives you a voice in the game’s future and allows you to earn rewards for participating in the ecosystem.<\/p>\n\n\n\n

    (The game also uses a second token, SLP<\/strong> (Smooth Love Potion)<\/a>, which is the main token earned by players for winning battles and is used to pay for breeding new Axies.)<\/em><\/p>\n\n\n\n

    \n\n\n\n

    You may also like this content<\/h3>\n\n\n
      <\/ul>","protected":false},"excerpt":{"rendered":"

      The cryptocurrency market has experienced corrective price movements recently, significantly impacting the popular metaverse coin project Axie Infinity (AXS). As a result, AXS has retreated from its all-time high (ATH) level by 60%, with ongoing selling pressure as trading volume weakens. According to experienced analyst Jonathan Morgan, if AXS continues to show notable gaps between …<\/p>\n","protected":false},"author":1,"featured_media":8710,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAown96uCw:productID":"","footnotes":""},"categories":[322,309],"tags":[73,317,318],"class_list":["post-2621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse1","category-web3new","tag-axie-infinity-news-blog-content","tag-crypto-news","tag-metaverse-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/2621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/comments?post=2621"}],"version-history":[{"count":0,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/2621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media\/8710"}],"wp:attachment":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media?parent=2621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/categories?post=2621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/tags?post=2621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}