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

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

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 exchange rate surged 15.52% to $69.86, negating all the losses that it incurred at the beginning of the week. This intraday rally was part of a bullish retracement which began Sept. 21, when AXS changed hands for $48.05.

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