Sky Mavis to Shut Down Axie Infinity Classic Version

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 31 2026

SKY+4.562%

AXS-4.787%

Should l Buy SKY?

Shutdown of Classic Version: Sky Mavis will shut down Axie Infinity Classic on June 24, 2026, to focus resources on Axie Infinity Origin, reflecting the volatility in the Web3 gaming sector that could impact GameFi market dynamics and AXS token values.
Player Migration Trend: The decision has elicited mixed reactions within the gaming community as many players migrate to Axie Origin for team play, indicating potential shifts in user engagement metrics and retention prospects for Sky Mavis' products.
Token Value Decline: AXS has seen a decline of approximately 99% from its all-time high in 2021, and the halt of SLP emissions aims to disrupt bot farming while enhancing long-term player involvement through strategic tokenomics changes.
Market Adaptability: Historical examples of Web3 games like Plant vs Undead and CryptoCars illustrate significant setbacks due to hacks and eroding trust, leading experts to suggest that Axie Infinity's restructuring might stabilize its position in the evolving GameFi landscape.

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Technical Analysis for SKY

Technical Sentiment Analysis for Sky (SKY) As of , Sky (SKY) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SKY stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, SKY is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Sky (SKY) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0399	0.0465	0.0544	0.0609	0.0689	0.0754	0.0834
Fibonacci	0.0465	0.052	0.0554	0.0609	0.0665	0.0699	0.0754

About SKY

The Governance Token of the Sky Ecosystem is SKY.MKR holders can upgrade their MKR to SKY, and SKY can also be converted back to MKR. Upgrading is optional.Users get 24,000 SKY per MKR when they upgrade.At Launch, the Smart Burn Engine will move to target the SKY/USDS market with all of its current liquidity and all future automatic liquidity acquisition from Protocol Surplus.At later stages of Sky Launch Season, SKY will gain additional features including Sealed Activation and Regular Activation, which gives eligible users USDS and Token Rewards for committed participation in Sky Governance. These functionalities are restricted in some countries, including the US and UK, and for VPN users.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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