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AXS could enter a downtrend towards $3.75. However, at the moment, 35 investors who have purchased 55,000 AXS tokens with a minimum price of $4.70 are expected to offer significant support. However, if this support folds as expected, Axie Infinity price could drop towards $4.05.
Still, AXS bulls could also reject this bearish structure if it rises above $5 against the game stream. However, as seen above, 1,020 addresses holding 2 million AXS tokens at a maximum price of $5.02 could form significant resistance. And if this resistance level is broken, the price could finally regain the crucial $6 level.
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