On-chain analyst: AXS up 277% after the year, TD indicator signals profit-taking

AXS3.47%

Odaily Planet Daily reports that on the X platform, on-chain analyst Ali stated that after Axie Infinity token AXS has risen 277% since the beginning of this year, the TD Sequential indicator suggests that it may currently be a good time to take profits on AXS.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

A wave of short liquidations boosts the Bitcoin market, and market analysis points to a rise toward $90k

Bitcoin BTC, driven by a squeeze of short positions and a rise in open interest, has shown a strong uptrend. Data indicates that large short positions have been forced to close; around $82,500, Bitcoin has $1.12 billion in short exposure. It has the potential to move toward $90,000, with a supply-demand imbalance providing support for further upside momentum. Short squeeze evolves into upward momentum Bitcoin researcher Axel Adler Jr. cited monitored data showing that since February, the market has accumulated more than $7.9 billion in short liquidation amounts. The peaks in liquidations were mainly concentrated from February to April, with a single-day liquidation amount as high as $737 million on February 13. Although traders frequently built short positions above $80,000, price resilience has forced these positions to undergo a Short Squeeze, where rising prices trigger

ChainNewsAbmedia23m ago

Analyst Cowen Warns Bitcoin Rally May Be Bear Market Rebound

Cryptocurrency strategist Benjamin Cowen has cautioned investors that recent Bitcoin rallies may represent temporary rebounds within a broader bear market rather than the start of a sustained bull season. Cowen stated he continues to view the market through "bear glasses," warning that short-term pr

CryptoFrontier2h ago

Shiba Inu Faces Pressure After Whale Offloads 800B Tokens

Key Insights A single SHIB wallet sold 800 billion tokens for $4.9 million, yet still controls over 99 trillion tokens in remaining holdings. SHIB price remains range-bound between $0.0000060 support

CryptoNewsLand3h ago

Shiba Inu Faces Pressure After Whale Offloads 800B Tokens

Key Insights A single SHIB wallet sold 800 billion tokens for $4.9 million, yet still controls over 99 trillion tokens in remaining holdings. SHIB price remains range-bound between $0.0000060 support

CryptoNewsLand3h ago

SUI Holds Near $0.91 as Long Positions Signal Possible Bounce

Key Insights SUI holds near $0.91 while large traders maintain long positions, creating divergence between price action and sentiment during the ongoing consolidation phase. Support near $0.88 remains intact as resistance caps upside, with compressed volatility signaling a likely breakout

CryptoNewsLand4h ago

Solana Faces Selling Pressure Despite Record Transaction Growth

Key Insights: Solana processed over 10 billion transactions in Q1 2026, highlighting strong scalability even as declining activity and whale exits increased selling pressure. Integration with Visa and Meta expanded Solana’s ecosystem reach, supporting adoption in payments despite limited

CryptoNewsLand4h ago
Comment
0/400
No comments