Web3 gaming is ‘rocket ship’ ready to blast off, say industry execs
- Web3 gaming development: Executives from gaming projects discuss the development of Web3 games and the current state of blockchain gaming.
- Frictionless gameplay: Emphasis on the need for Web3 games to have frictionless gameplay to attract both crypto enthusiasts and skeptics.
- Mass adoption through gaming: Gaming executives believe that gaming will lead to mass adoption of blockchain technology due to its massive audience and perfect fit with blockchain use cases.
- Challenges in mainstream adoption: Concerns about mainstream adoption of Web3 gaming due to skepticism, rumors, and the need for successful lower-budget games to change perceptions.
- Future outlook: The potential of Web3 gaming to unlock real value for users and drive mass adoption of blockchain technology.
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Technical Analysis for AXS
Technical Sentiment Analysis for Axie Infinity (AXS) As of , Axie Infinity (AXS) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AXS 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, AXS 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 $-.
Axie Infinity (AXS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.172 | 0.668 | 1.088 | 1.584 | 2.004 | 2.5 | 2.92 |
| Fibonacci | 0.668 | 1.018 | 1.235 | 1.584 | 1.934 | 2.151 | 2.5 |
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