Cardano, Dogecoin and Axie Infinity – European Wrap 23 May

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Cardano price is showing an interesting set up as it struggles to make a move above a crucial support level. A rejection here could lead to a buying opportunity for patient investors before ADA explodes.

ADA/USDT 4-hour chart

Dogecoin price has been coiling up like a spring for roughly ten days, indicating that a massive move is about to occur. The congestion will likely lead to a bullish move for DOGE that is brimming with volatility.

 

DOGE/USDT 4-hour chart

Axie Infinity (AXS) price is set to jump 20% intraday as traders push price to a new high for the past trading week. The green print comes after several tail risks eased following positive headlines over the weekend, and on Monday morning out of Asia. Not only is the US looking to ease tariffs with China, but Putin even mentioned the time is right to sit at the table with Ukraine, which is triggering a broad risk-on rally and causing safe havens like the dollar to bleed This in turn is creating a double incentive for buyers to consider ramping up price action even further later this week.

AXS/USD daily chart

 

 

 

 



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