Axie Infinity (AXS) Fails To Sustain Rally Despite Breakout From Long-Term Resistance
Axie Infinity (AXS) has been falling since April 2 and fell below the previous breakout level on April 6. AXS has been falling underneath a descending resistance line since reaching an all-time high price of $166 on Nov. 6. So far, the downward movement has led to a low of $41.9 on Feb. 24. The
Axie Infinity Daily Active Users Drop 45% Since 2021 Peak
Sky Mavis’ play-to-earn game Axie Infinity experienced a downturn in daily active users even before the recent Ronin bridge hack that resulted in losses of approximately $600M. The game’s daily active users peaked in November, but fell 45% to 1.48M by March 28, 2022, according to recent data from Sky Mavis, approximately a day