The market has recorded varied performances from several tokens as it tries to regain its balance following the institutional shake-off that saw prices decline sharply into the red zone.
The prospect of recovery looks very bleak for AXS, as it was hacked for $9.33 million. Meanwhile, SOL is back into a bullish wedge pattern, implying a possible price surge. Additionally, DIGI is on its way to record high increments for presale investors.
AXS Hack, Token Plummets Below Expectations
The Ronin blockchain, an Ethereum sidechain hosting the Axie Infinity game and the AXS token, has been hacked for $9.33 million. This breach comes during a period when AXS has suffered consecutive weekly losses, amounting to a 40% decline.
At the time of writing, AXS is forming a Doji candlestick, indicating further bearishness in the market. Additionally, trading volume is decreasing.
When both price and volume drop, the market often sides with the bears, suggesting we could see further price declines.
SOL Gets Ready For Rally
SOL has traded back into the baseline of the bullish wedge pattern. As the name implies, this indicates that SOL is gradually gearing up for another upward movement.
If the baseline of this wedge pattern holds true, we should expect SOL to reach the previously tested resistance zone at $188.9. This corresponds with its high and growing development rate.
DIGI Offers Investors the Best Portfolio Return Yet
DIGI, a token currently in its presale with only 45 million available, has attracted significant attention from analysts. This group predicts the asset holds high promise in the coming weeks.
Now priced at $0.003333, the token is considered undervalued by most analysts and expert investors. They affirm that the targeted launch will be a huge success, with the token expected to surpass its launch price of $0.075. If this prediction holds, DIGI would yield a return of 2150% or potentially more, according to analysts.
DIGI’s value is tied to the DigiHorse game, where it serves as the native token. DigiHorse is a revolutionary Web3 horse gaming platform featuring immersive gameplay and a unique economic model.
The benefits of DIGI are numerous. To learn more, visit the link below:
Website: DigiHorse Empires
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Telegram: Join the Conversation
