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AXS price risks deeper losses despite 90% drawdown already -Breaking

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Axie Infinity: AXS price risks deeper losses despite 90% drawdown already

Axie infinity (AXSAfter peaking at $172 in November 2021, ), ) dropped roughly 90%.

AXS is one of top-ranking cryptos that has seen its performance plummet due to sharp correction. A mix of fundamental and technical catalysts suggests that it may experience further declines over the next few months.

Axie Infinity’s working schematic. Source: Decentralised.co
Axie-Infinity statistics from March 2021. Source: Dapp Radar
Daily price chart for SPX versus the versus. TradingView
Chart of the weekly AXS/USD price. Source: TradingView
Weekly price chart for AXS/USD with “descending widening wedge” configuration. TradingView