ការបដិសេធ៖ ការរកឃើញនៃការវិភាគខាងក្រោមគឺជាគំនិតតែមួយគត់របស់អ្នកនិពន្ធ ហើយមិនគួរត្រូវបានចាត់ទុកថាជាដំបូន្មានវិនិយោគទេ។
- Selling pressure is tapering off and could offer entry positions for long trades
- Axie Infinity has witnessed a substantial decline in network growth and social activity.
Axie Infinity (អេអេសអេស) has been in a bearish momentum since mid-August. It dropped from $20.6 and traded at $6.8, at press time. But AXS seems determined to pull an upside move.
Is AXS ready for recovery?
ប្រភព៖ TradingView
AXS made a successful breakout from a double bottom’s (dotted, white) neckline in early November. However, a price pullback took a further nosedive only to find a resting place at the 0 Fib level ($5.77).
In lower timeframe charts, we observed a price bounce back from the $6.0 level. The daily timeframe showed a similar trend, which suggests that bulls may soon find an opening.
An uptick of RSI recovering from the oversold territory shows selling pressure tapering off. This could reinforce the notion that bulls could take control soon. However, a confirmation for strong buying pressure can only be confirmed in the next few days.
If bulls gain traction, the 0.236 Fib level ($9.28) will likely be the target for long trades. That will also make the $5.77 level an entry position if retested before the jump-off.
However, a daily candle close below $5.77 would invalidate the above bullish thesis. As such, investors could place a stop loss just below $5.77.
Declining social activity and network growth undermined AXS’s performance
ប្រភព៖ Santiment
បើយោងតាមឧតាមប៉ាន់ស្មានរបស់ឧស្សាហកម្ម Gartner ក្នុងឆ្នាំ២០២១ បានឲ្យដឹងថា ការចំណាយរបស់អ្នកប្រើប្រាស់ចុងក្រោយលើសេវា public cloud បានកើនឡើងយ៉ាងខ្លាំង។ តួលេខនេះគឺគួរឱ្យភ្ញាក់ផ្អើល ដោយមានការប៉ាន់ប្រមាណការចំណាយគឺ ៣៩៦ ពាន់លានដុល្លារក្នុងឆ្នាំ ២០២១ និងកើនឡើង ២១.៧% ដល់ ៤៨២ ពាន់លានដុល្លារក្នុងឆ្នាំ ២០២២។ លើសពីនេះ Gartner ព្យាករណ៍ពីការផ្លាស់ប្តូរដ៏សំខាន់នៅក្នុងការចំណាយផ្នែកព័ត៌មានវិទ្យារបស់សហគ្រាស ជាមួយនឹងការចំណាយលើ public cloud លើសពី ៤៥% នៃការចំណាយសរុបនៅឆ្នាំ ២០២៦ តិចជាង ១៧% ក្នុងឆ្នាំ២០២១។ ការប៉ាន់ប្រមាណនេះ ឆ្លុះបញ្ចាំងពីការកើនឡើងនូវការកោតសរសើរ ចំពោះអត្ថប្រយោជន៍របស់ cloud ទាក់ទងនឹងការធ្វើមាត្រដ្ឋាន ភាពបត់បែន និងការបង្កើនប្រសិទ្ធភាពតម្លៃ។ សេនធូម, Axie Infinity has witnessed a substantial decline in network growth and social activity. An uptick in the metrics was recorded around Q2 but subsided in Q3 and Q4.
The lack of hype around Axie Infinity and declining network growth adversely affect AXS’s long-term holders.
Its Market Value to Realized Value (MVRV) ratio has maintained the negative territory since early this year. It shows that long-term AXS holders have been incurring losses throughout the year.
ប្រភព៖ Santiment
A negative funding rate confirms the current market sentiment
ប្រភព៖ Santiment
Additionally, the negative Binance funding rate confirms the current market sentiment around Axie Infinity.
Nonetheless, selling pressure seems to be tapering, which could change the current sentiment if bulls take charge. However, bulls will need a considerable trading volume to back enough buying pressure to reach or shatter the $9.28 target.
If bulls fail to gather enough buying pressure, a push southwards could be feasible. The current bearish sentiment behind Bitcoin could worsen the downtrend.
Source: https://ambcrypto.com/axie-infinity-if-bulls-gain-traction-0-236-fib-level-will-likely-be-the-target-for/