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The Axie Infinity spot CVD and Open Interest suggested bullish sentiment might not be ripe yet.

This week, Axie Infinity (AXS) price has consolidated within the $5.5 – $5.8 range after an unsuccessful attempt to break the $6.5 resistance. Will the whales maintain their bullish stance to trigger an early rebound?

Axie Infinity (AXS) price scored double-digit gains last week, and so did other prominent metaverse projects like TheSandbox (SAND) and Decentraland (MANA). What is behind the price rally?

In an enlightening interview hosted by Justin Roberti and myself, J Rod Safdiye , at the Benzinga Crypto Unlocked virtual event, we dove deep into the future of W eb3 gaming with Jihoz , the co-founder of Axie Infinity (CRYPTO: AXS) and Sky Mavis. The conversation spanned an array of topics, from the merits of gaming as an introduction to Web3, the fluctuations of Web3 gaming economies, to the potential of dynamic NFTs.

Axie Infinity, the popular blockchain-based game, has recently displayed robust short-term bullish momentum. However, there are indications that prices may experience a decline over the upcoming weekend.

As investors weigh in on the latest approval of a leveraged Bitcoin Exchange Traded Fund (ETF) product that was approved by the United States Securities and Exchange Commission (SEC), tokens like Axie Infinity are capitalizing on this broader sentiment and complemented by a rare ecosystem event which went live today.

The severely negative funding rate behind Axie Infinity showed that the majority of the market was positioned short.

The virtual event includes leaders in Web3 gaming, including: Axie Infinity, BNB Chain, Splinterlands, Aavegotchi, Alien Worlds, and Upland. DETROIT, June 22, 2023 - Benzinga, a prominent source of investment information in both traditional finance and Web3, has unveiled the next installment of its virtual event series, Crypto Unlocked.

For investors looking to take a defensive position in these markets, here are three cryptos to sell right now.

From a technical perspective, long-term AXS investors can await an uptrend or a range formation before accumulating.

Speculators going short on Bitcoin and crypto are hurting today as markets have surged. As a result, there has been a large number of liquidations on short positions as BTC and its brethren rebound from weeks in the doldrums.

As the crypto market holds its breath, one company is readying to drop a bombshell that could echo through the corridors of digital currency. On July 1, Celsius Network, a now-bankrupt crypto lender, plans to sell off a staggering $215 million in altcoins, marking an unprecedented liquidation.

Axie Infinity's (AXS) price slid to a three-year low amid the ongoing legal battle against US SEC. In addition to the price decline, on-chain data shows players are increasingly abandoning the GameFi protocol.

AI and metaverse tokens are taking hits despite the hype over artificial intelligence and Apple's Vision Pro headset reveal. CoinDesk Executive Director of Global Content Emily Parker breaks down the underperformance of tokens affected by the SEC's lawsuits against Binance and Coinbase.

Axie Infinity 22% dip over the last 48 hours saw the gaming token break a year-long support level.

Amidst legal battles with major crypto exchanges and growing regulatory scrutiny, the AXS token sees a dramatic price drop. Is this a market correction, or does it signal an impending crash for the play-to-earn pioneer, Axie Infinity?

Top Artificial Intelligence-based Coins are trading in red as the entire crypto market slumps amid the ongoing regulatory turmoil. AI crypto tokens, which have gained popularity recently, are basically digital assets that users can leverage to get access to AI technology.

The market is currently experiencing a downturn fueled by an unsettling combination of FUD (fear, uncertainty, and doubt). Adding to this challenging situation is the recent lawsuit filed against Binance by the US Securities and Exchange Commission.

Over the last few months, the SEC has taken to unilaterally labeling certain crypto assets as securities in unrelated lawsuits. But some industry participants say the agency doesn't understand the technology behind these tokens well enough to make this claim.

Decoupling from the broader market sentiment, the Metaverse coin has experienced significant growth for nearly two weeks. These meta coins on a recovery streak are gradually reclaiming higher ground, offering traders the opportunity to take long entries.

As anticipation surges ahead of the annual Apple Worldwide Developers Conference (WWDC), whispers of the potential unveiling of Apple's extended reality (XR) headset are creating a palpable sense of excitement. Apple's XR headset is expected to transform the tech giant's legacy radically, setting a new benchmark for the rapidly evolving world of consumer technology.

The Metaverse has experienced subdued interest since its peak in 2021, causing cryptocurrencies related to it to experience sharp falls. However, these three cryptocurrencies have interesting formations that could lead to future price increases.

Can Axie Infinity (AXS) reclaim the $7 in the coming days? On-chain data shows multiple green signals suggesting an imminent price rebound.

Axie Infinity's AXS token is paring some gains after surging over 12% earlier this week, as Axie Infinity: Origin, a new card-based strategy game, debuted on the Apple App store in key markets. Jeffrey 'Jihoz' Zirlin, co-founder of Axie Infinity creator Sky Mavis, discusses the launch and the future of Web3 gaming.