Sky Mavis, the developer of the Ethereum-based GameFi project and renowned NFT game Axie Infinity, recently announced the successful implementation of a significant game update. The enhancement includes new features and functionalities, as detailed in the official blog post. In light of this update, the game’s native cryptocurrency, AXS, saw a modest increase of 3.37% in its trading price over the last day, reaching $10.74 at the time of reporting.
New Guild System Empowers Players
A key addition to Axie Infinity is the introduction of Axie Classic Guilds, as declared by the developers. This feature allows players to band together, fostering a collaborative environment where they can exchange strategies. The creation of a guild comes with an 8 AXS fee and caps membership at 60 individuals. The update also integrates AXS deposit transactions directly on the game’s platform, with a limitation of one guild creation per player.
Guild members can gift up to 6 AXS to their peers, with the potential for this limit to increase in the future. Starting March 21st, guilds will compete on a leaderboard, where they can earn points. To enhance in-game communication, a chat feature is now available for guild members.
AXS Price Trends and Technical Indicators
Technical analysis of the AXS four-hour chart illustrates a rising channel, providing investors with insights into market trends. A false breakout on March 2nd resulted in a temporary setback for investors, but current trends indicate a favorable outlook with the EMA 9 serving as a support level. The AXS chart points to key support levels of $10.51, $10.22, and $9.85, with a fall below $10.51 likely to dampen price momentum.
Conversely, resistance levels to monitor include $10.81, $11.07, and $11.42. A close above the crucial resistance of $10.81 on the four-hour bars could signal an upward momentum for the AXS price.