What goes up… Axie Infinity’s price falls by nearly 30% in two weeks after losing $625 million to a hacking incident involving its play-to-earn gaming platform's underlying blockchain, the Ronin Network. (Reporting via bitcoinwallah)
to a hacking incident involving its play-to-earn gaming platform's underlying blockchain, the Ronin Network.
Meanwhile, as AXS tests the key support level, it would also prompt its daily relative strength index to move lower below 30 — an"oversold" signal. This suggests Axie Infinity could be due for a bounce higher in April.AXS's price is already"oversold" on its four-hour chart, according to its RSI readings near 25. Meanwhile, AXS is breaking out ofAXS/USD four-hour price chart featuring 'falling wedge' setup.