Despite the majority of tokens trading in red on Thursday, AXS was up by over 20% in today’s session. While LUNA dropped below $0.01 earlier today, MATIC was another notable crypto to fall, dropping to its lowest point since last April.AXS was one of the biggest gainers in crypto markets on Thursday, as prices rallied following a three-day losing streak.
As a result of today’s rebound in price, AXS moved away from historical lows close to $13, which came in July last year, around the time of the token inception.The recent decline in strength had pushed the 14-day RSI toward a multi-month low of 19, however, Thursday’s surge has sent this above 25. Should bulls choose to buy this current dip, they will likely face market uncertainty the closer it gets to $30, with some traders likely looking to liquidate positions to secure marginal gains.Although LUNA was down by almost 100% in today’s session, markets have already begun to accept the demise of the token.
MATIC/USD slipped to an intraday low of $0.4769 in today’s session, which is its lowest point since April 2021.Today’s move has pushed price strength off the charts, with the 14-day RSI now trading at a low of 23, which is also a long-term support level.
I believe in the success of this project and I'm still holding it on bitfinex.
The crypto community stays with Luna saveluna
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