Axie Infinity (AXS) Faces Bearish Momentum: Potential Scenarios for the Cryptocurrency

Axie Infinity (AXS) is currently trading at $4.47 and has been in a downtrend since the beginning of the year, after reaching its 2023 highs in late January. The failure to breach the 50-day Exponential Moving Average (EMA) and the Relative Strength Index (RSI) dropping below 50.0 suggest a bearish ...