Axie Infinity, ,the world’s largest non-fungible token (NFT) blockchain game and a successful web3 game in which players use NFT digital pets, called Axies, to interact with the game's community. Players can use their Axies to battle other players and to breed new Axies.
You have probably heard the hot news headlines these days That ,Axie Infinity, the world’s largest NFT blockchain game, has been hacked for $620 million (THE LARGEST HACK IN DEFI HISTORY 😱😵)!
Axie Infinity,was hacked on Tuesday after the Ronin network validators were infiltrated. The validators were compromised as early as March 23, according to Sky Mavis, the business behind the Axie Infinity project.
(Ronin Network, which is also owned by Vietnamese parent company Sky Mavis, allows players to exchange the digital coins they earn in Axie Infinity with other cryptocurrencies like Ethereum.)
This news can have consequences for it , and we maybe even see heavy falls in the future .
Anyway, this is just a possibility, and given the strong team who it has, we should see what does the AXIE team do later or choose another network instead of the Ronin network and compensate the investors. Or not!
so Regardles what happend lets have an analysis on the AXIE chart !
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📊Technical
As you can see on weekly timeframe for axsusdt ,Since 2021 it has had a massive growth till now (<138000 %), and after touching $166
as its ATH it had been corrected by more than 70% retracement , but in the past week it printed a good and bullish candle and jumped about 36% , so today it is struggling with the pivot zone , and if be able to break it out it can rise to next resistance zone. also by impact of recent news there is a possibility to decline and it can return back to support zone again . and if it loses the support zone it can also drop to lower support zones respectively.
🛑resistance zone: $123-132///
🆚pivot zone: $63-$72
❇️support zone : $40-44///$17-20
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
You have probably heard the hot news headlines these days That ,Axie Infinity, the world’s largest NFT blockchain game, has been hacked for $620 million (THE LARGEST HACK IN DEFI HISTORY 😱😵)!
Axie Infinity,was hacked on Tuesday after the Ronin network validators were infiltrated. The validators were compromised as early as March 23, according to Sky Mavis, the business behind the Axie Infinity project.
(Ronin Network, which is also owned by Vietnamese parent company Sky Mavis, allows players to exchange the digital coins they earn in Axie Infinity with other cryptocurrencies like Ethereum.)
This news can have consequences for it , and we maybe even see heavy falls in the future .
Anyway, this is just a possibility, and given the strong team who it has, we should see what does the AXIE team do later or choose another network instead of the Ronin network and compensate the investors. Or not!
so Regardles what happend lets have an analysis on the AXIE chart !
-------------------------------------------------------------------------------------------------------------------
📊Technical
As you can see on weekly timeframe for axsusdt ,Since 2021 it has had a massive growth till now (<138000 %), and after touching $166
as its ATH it had been corrected by more than 70% retracement , but in the past week it printed a good and bullish candle and jumped about 36% , so today it is struggling with the pivot zone , and if be able to break it out it can rise to next resistance zone. also by impact of recent news there is a possibility to decline and it can return back to support zone again . and if it loses the support zone it can also drop to lower support zones respectively.
🛑resistance zone: $123-132///
🆚pivot zone: $63-$72
❇️support zone : $40-44///$17-20
--------------------------------------------------------------------------------------------------------------------
👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
