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Cryptocurrencies Price Prediction: Avax, Tezos & Axie Infinity — Asian Wrap 28 Oct

Cryptocurrencies Price Prediction: Avax, Tezos & Axie Infinity — Asian Wrap 28 Oct
FXStreet TeamFXStreet TeamFXStreet

AVAX dips below primary support, buyers worried as Avalanche could melt down to $48

AVAX price dropped as much as 17% during the Wednesday trade session. Extreme selling pressure early in the US AM trading session pushed many cryptocurrencies into massive double-digit percentage losses. However, AVAX has recovered over half of that loss but remains below a collection of essential support zones.


 
Tezos must hold its final support level at $5.50 or XTZ faces a capitulation move lower

Tezos price is currently trading more the 34% below the new all-time high it set on October 4th. However, despite the significant percentage drop, Tezos remains up over 200% for 2021. Therefore, support must hold if Tezos bulls want to make new all-time highs.

Axie Infinity faces free fall from sellers, AXS positioned for a deeper crash to $100

Axie Infinity price experienced a sharp drop in line with the rest of the cryptocurrency market. Buyers have stepped in to support Axie Infinity near the bottom of a high volume node, but a daily close below the Tenkan-Sen and Kijun-Sen could trigger some significant selling.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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