- One-fifth of the sales of Axie Infinity happened in the past week.
- The 24-hour trading volume is at $678 million.
- AXS/BTC pair is trading neutral by 0.0% at 0.00097416 BTC.
The daily technical chart of the Axie Infinity displays an upward trend. According to the pivot levels, the primary support level is $33.70. On the other side, if it rushes up, the resistance level to follow is $62.30. Although the chart forms an Inverted Hammer candlestick pattern within the day, it is predicted that the price may remain uptrend with medium reliability.
The Zig-Zag framed a top of $53.69 on 27 Jul. After that, investors can notice a correction of 30%, all the way low to $37.30. Now price levels are back around the range of $40 this week.
The volume of (6.626M) is above the MA of 20-days (5.2M). As a result, volume is high in AXS, causing its price to rise higher at the resistance zone. Investors may also mark that the volume bars on the chart are inclining, which intimates that notable volatility is expected in the upcoming trading session.
The MACD indicator gives (bearish) crossover below the signal line on 02 Aug, indicating a sell signal in the coin, which did not impact the price action of the coin. Moreover, Investors can see faded red bars in the Histogram index.
Developer Sky Mavis Launched Axie Infinity Shards (AXS) & Calls The Model “play to earn”
The Ethereum-based NFT game Axie Infinity has sold more than 1 billion U.S. dollars.
This milestone is the latest evidence that this blockchain game, launched in 2018, has indeed become popular this summer. Nearly one-fifth of Axie Infinity’s sales occurred last week, and three-quarters of sales ended last month.
Axie Infinity is the first NFT game with sales of more than $1 billion. The next best-selling game is NBA Top Shot, a basketball trading card game running on the Flow blockchain, with total sales reaching 675 million US dollars, and Ethereum-based CryptoPunks with sales of 659 million U.S. dollars.
The price of Axie Infinity today is US$44.34, and the 24-hour trading volume is US$678,187,957. The price of AXS has increased by 4.8% in the past 24 hours. There are 55 million AXS coins in circulation, with a total of 270 million.
Resistance Level: $62.30
Support Level: $33.70