Key Points:
– Axie Infinity (AXS) price is currently consolidated within the $5.5 – $5.8 range.
– Despite the recent price correction, AXS whales have increased their trading activity significantly.
– Long-term holders of AXS have shown confidence as Mean Coin Age has increased during the price decline.
– The indicators suggest that AXS bulls could attempt to reclaim the $6.50 target.
– However, a massive sell-wall at $5.90 and support at $5 could potentially hinder the rally.
Hot Take:
While Axie Infinity (AXS) has experienced a price consolidation, there are positive signs indicating a potential rebound. The increased trading activity of whales and the confidence displayed by long-term investors suggest that AXS may soon attempt to break the $6.50 resistance. However, it is important to consider the sell-wall at $5.90 and the support at $5, as they could impact the rally. If the bullish momentum prevails, AXS has the potential to reach new highs in the coming days.
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