Ethereum-based GameFi project leader and popular NFT-based game Axie Infinity has successfully completed its game update. The update details for the game developed by Sky Mavis were shared with the public through the official blog page. Despite notable developments, the project’s native token AXS was trading at $10.74, up 3.37% in the last 24 hours at the time of writing.
Axie Team Announces Guild Integration
Axie team announced in a blog post that Axie Classic Guilds are now part of the game. With this update, players can join a guild, allowing them to share strategies among themselves. The fee to create a guild has been set at 8 AXS by the team, and a guild can have a total of 60 members. With this step, users can now perform AXS deposit transactions through the game’s website, and a player can create only one guild.
Within the guild, each player can send up to 6 AXS to other members, but the team shared in the blog post that this amount might increase in the future. A leaderboard for guilds will be considered starting from March 21st, and each guild will be able to accumulate points. Along with all these developments, a chat feature has been added to the game to enable guild members to communicate with each other.
AXS Chart Analysis
The four-hour AXS chart shows a rising channel that offers important clues to investors. The resistance break on March 2nd turned out to be a bull trap, leading to losses for investors. The recent formations where the EMA 9 (blue line) acts as support suggest a bullish scenario gaining traction.
The most important support levels to watch on the AXS chart are, in order; $10.51, $10.22, and $9.85. Closures of four-hour bars below the $10.51 level, which intersects with the EMA 9, will cause the AXS price to lose momentum.
The most important resistance levels to watch on the AXS chart are, in order; $10.81, $11.07, and $11.42. Especially, the closure of four-hour bars above the significant resistance level of $10.81 will help the AXS price to gain momentum.
