Top Game-Fi cryptocurrency token Axie Infinity (AXS) is trending lower.

A trend line is forming on the K-line chart and the price is starting to squeeze below it. This, of course, shows the strength of the bulls. In addition, a falling wedge is forming on the K chart, which is a bullish pattern.

A possible target for this move is the key level of $49.50, which is a good opportunity to close long positions.

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PS Personally, I would open an entry if the price was displayed according to my strategy. Be sure to conduct an analysis before making a trade.