Is Axie Infinity overheating? AXS price hits record high following 100% QTD rally By Cointelegraph
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AXS is the native token for AxieInfinity. It’s a play to-earn nonfungible token(NFT), game built on top of the blockchain, rallied to more than 100% over a quarter-to–date (QTD), refresh an old record above $155.
The cryptocurrency is now at risk of losing some of its gains. This happens because a technical indicator called the relative strength (RSI) flashes overbought circumstances. In doing so, it might correct below $90 — almost a 40% drop.
Hodling is a more effective strategy.
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