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Axie Infinity sees 'no signs of buyers' as AXS price tumbles 30% in two weeks

Published 04/11/2022, 07:33 AM
Updated 04/11/2022, 09:40 AM
Axie Infinity sees 'no signs of buyers' as AXS price tumbles 30% in two weeks
AXS/USD
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Axie Infinity (AXS) price has fallen by nearly 30% two weeks after losing $625 million to a hacking incident involving its play-to-earn gaming platform's underlying blockchain, the Ronin Network.

AXS/USD dropped to $46.69 on Monday, its lowest level since March 16, signaling a dampening buying sentiment among traders and investors following the hacking incident.

AXS/USD daily price chart featuring demand areas. Source: TradingView
AXS/USD daily price chart featuring 'golden cross.' Source: TradingView
AXS/USD four-hour price chart featuring 'falling wedge' setup. Source: TradingView
AXS/USD weekly price chart featuring H&S breakout. Source: TradingView

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