The AXS coin price faces the threat of bearish invasion as the selling pressure grows with the rejection near the 50-day EMA. Will the downfall reach $50? AXS is the Ethereum token, which is the basis for Axie Infinity, a blockchain-based game that lets players fight with each other, collect coins, and build the digital world of their pets. The token holders can earn rewards for depositing their tokens while playing the game as well as participating in key decisions regarding governance. Let us move ahead to read about Axie Infinity technical analysis. Past Performance of AXS AXS token price shows a downfall of almost 20% in the past four days from the 50-day EMA resulting in the falling channel retest. Moreover, the recent fall of 6.72% in the past 24 hours reflects the rise in the trend momentum. However, the confluence of a horizontal level at $60 and the falling channel indicates a possible post-retest reversal. AXS/USD Daily Chart AXS Technical Analysis The AXS coin price shows lower price rejection near the upmost trendline of the falling channel and the $60 mark. Therefore, despite the rising trend momentum in the downfall, traders can shortly find a buying opportunity.   The MACD indicator shows a failure of the fast line to surpass the zero line resulting in a sideways movement. Hence, the chances of a bearish crossover are increasing as the gap within the fast and slow line decreases. The Bull and Bear Power indicator shows a rise in the bearish powers as the slope crosses below the zero line after the rejection near 23%. Therefore, the indicator reflects the increased selling pressure.  The crucial Exponential moving averages are trending lower to achieve the bearish alignment as the falling 100-day EMA may shortly cross below the 200-day EMA. Moreover, the 50-day EMA provides dynamic resistance to keep the bullish growth in check. In short, the technical indicators showcase a rise in the underlying bearishness promoting the fallout below $60 possibility. Therefore, AXS traders can find a selling opportunity shortly. Upcoming Trend The AXS coin price struggles to avoid bearish invasion as the selling pressure increases with the recent downfall. Therefore, the reversal possibility with the successful retest of the falling channel breakout decreases.  Therefore, buyers need to wait till the breakout of $70 before siding with the bulls. The uptrend can reach the $90 mark with a successful retest. However, the fallout will result in a selling opportunity with a target at $50.

The post AXS Technical Analysis: Increased Bearishness Intensifies Retest Phase appeared first on Cryptoknowmics-Crypto News and Media Platform.

The facility would be able to host over 150,000 of Bitmain’s bitcoin mining rigs.

Aggie (www.instagram.com/aggie) and Jacob (www.instagram.com/jacob) have been active on Instagram since early 2015. They can be considered “first movers” in the travel social media area. The two well-known travel bloggers have been successful entrepreneurs for nearly the same amount of time. Aggie and Jacob, on the watch for future NFT breakthroughs, agree with Gramps’ vision […]

NFT platform Bondly has released its new ‘Mint-on-Demand’ product to help NFT creators and communities on the Spring commerce platform. The move is, according to Bondly, the latest in its move to help carry the creator economy into Web 3.0.

Sustainable Bitcoin mining gets a boost from the joint venture between mostly hydro-powered BTC miners Merkle Standard and infrastructure provider Bitmain.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice VeChain has been bullish on the charts in the past week. The near-term outlook continued to lean toward the bullish side as the market structure for the token remained bullish on the lower timeframes. However, […]

The UK member of parliament said he hasn't invested in bitcoin yet but he is considering it.

Pyypl (pronounced people), a blockchain technology-based provider of digital payments and financial services, recently announced that it had raised $11 million in the Series A investment round to continue its rapid growth in the GCC markets. The UAE-headquartered crypto firm is also planning to expand its presence in Africa, particularly Kenya and Mozambique.    The […]

Read full post UAE-based crypto payment firm Pyypl raises $11 million in Series A funding. on Chaintimes.com.

Pyypl, a blockchain technology-based provider of digital payments and financial services, recently announced that it has raised $11 million in the Series A investment round to continue its rapid gr...

DOGE cryptocurrency has been asleep for more than half a year. This volcano worked well until May 2021. However, after setting its highs from mid-May on the weekly timeframe, you can see a gradual correction in the DOGE price. During this correction, trading volumes are low and there are no signals to complete this stage in the DOGE market yet. There is one small hint. As we can see, the DOGE price is moving in a clear corrective channel of the fall. Though, in recent weeks, market participants have begun to reduce the range of price movements. Thus, the DOGE price began to be traded in a narrow wedge. It is becoming increasingly difficult for sellers to update local lows. And buyers are not ready to start the active phase of growth and buy DOGE at market prices. https://www.tradingview.com/x/6oIv8WTi/ Therefore, in the near future we expect a shot of DOGE cryptocurrency up. The main condition for this scenario is to keep the mark of $0.1. In the implementation of this scenario, we will expect a price rebound to $0.26. However, this jump will not mean that the downward trend is over. It should be borne in mind that while the $0.26 mark under the control of sellers, the probability of a new fall wave remains high. Technical Analysis Of DOGE On The Daily Timeframe https://www.tradingview.com/x/ZtAkQYoK/ Analyzing the movement of the DOGE price on the daily timeframe, we can see that buyers have not yet been able to reach the top trend line of the consolidation wedge. Therefore, to complete their growth wave to begin with, they need to show strength in the range of $0.138. It was this range that was able to stop the fall of the DOGE  price on 22 January and change the balance of power in the market. Given the likely correction of the BTC price from the $46,000 range, it is unlikely that DOGE buyers will be able to break the consolidation wedge during this growth wave. Thus, we expect another fall wave before the likely medium-term growth of the entire cryptocurrency market, including DOGE. The DOGEBTC Price Stopped At A Crucial Point https://www.tradingview.com/x/EwRLlekL/ DOGEBTC global price chart shows that the downward trend from May 2021 is on the verge of breaking. From October 2021, sellers are unable to update local lows. Now the DOGEBTC price is moving near the upper trend line of the fall channel. Given the interest of buyers in the range of 0.00000367, we can conclude that the minimum price rebound is highly probable. The first main target is the mark 0.00000857. However, given the DOGEBTC correction time, we do not rule out the possibility that the impulse may be much stronger.

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Applicability of a digital Kenyan shilling is being weighed up by the country's central bank, which is requesting public feedback

The post Kenya Seeks Public Opinion on Potential CBDC appeared first on Blockworks.