Axie Infinity (AXS) gains over 45%, but ‘death cross’ fears persist

Cointelegraph

Published Sep 23, 2021 08:55AM ET

Updated Sep 23, 2021 11:00AM ET

Axie Infinity’s native cryptocurrency, Axie Infinity Shards (AXS), bounced higher on Sept. 23 as the market’s focus shifted to its listing on two major crypto trading platforms, Bitfinex and Bitstamp.

The AXS/USD exchange rate surged 15.52% to $69.86, negating all the losses that it incurred at the beginning of the week. The intraday rally came as a part of an overall bullish retracement that began on Sept. 21 when AXS was changing hands for $48.05.

AXS/USD daily price chart featuring death cross setup. Source: TradingView
AXS/USD daily price chart featuring $51.90’s history as a support and resistance level. Source: TradingView

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