Axie Infinity (AXS) is Bearish as Dogecoin (DOGE) and Pomerdoge (POMD) Confirm Bullish Trend

Axie Infinity (AXS) needs to stay above the $4.44 and $4.00 support levels. Dogecoin (DOGE) may turn bullish if the market is favorable. Pomerdoge is unaffected by market trends as the price jumps to $0.0165.

Summary

• Axie Infinity (AXS) is down by 20.82% in a month.
• Dogecoin (DOGE) has lost 1.95% in the last seven days.
• Pomerdoge (POMD) is expected to rally by 17x at launch time.

Click Here To Find Out More About The Pomerdoge (POMD) Presale

Can Axie Infinity’s (AXS) Project T Playtest Boost its Price

Axie Infinity (AXS) has been bearish since the price fell below $5. With the price close to its yearly low, buyers are trying hard to defend the position. Data shows that Axie Infinity (AXS) is in the correction phase, making it difficult to rally. Axie Infinity (AXS) is priced at $4.76 at press time.

However, if the price slips down the $4.44 mark, it could trigger another slump. Still, buyers are active, and hope to regain $5 soon. While the market cap is down by 0.98%, the trading volume has increased by 32.30%. With sellers more dominant, Axie Infinity (AXS) needs greater support from bulls.

In other news, Axie Infinity (AXS) creator unveiled an all-new gaming mode. Project T challenges players to bond with their Axies by taking the form of a customizable Sapidea character. Axie Infinity (AXS) launched Project T with an exclusive Playtest last week. The creator, Sky Davis, plans to develop it further, and make Axie Infinity (AXS) a popular P2E gaming platform.

Is Dogecoin (DOGE) Going Bullish Soon

The price graph shows Dogecoin (DOGE) is still bearish. The token is priced at $0.06246, at press time, after losing 1.04% in 24 hours. However, technical indicators show Dogecoin (DOGE) has enough potential to recover in the coming days. The token’s price created a double bottom pattern at $0.060, considered the psychological level.

It indicates a bullish setup as Dogecoin (DOGE) went through a similar pattern earlier, and rose to $0.838. If the pattern repeats, Dogecoin (DOGE) will gain over 25%. Furthermore, the Moving Average Convergence Divergence (MACD) indicator is facing upwards. This also suggests that the market conditions are favorable for Dogecoin (DOGE).

However, this won’t be easy. MACD and RSI are still within the negative region. Moreover, bears are still in full control of Dogecoin’s (DOGE) price. If the token continues to be bearish, the price could fall to $0.050.

Pomerdoge (POMD) Is Bullish, Price Increases to $0.01

Pomerdoge is the latest P2E game that will combine fun and earnings in the crypto market. It will allow users to transact with each other, with geographical restrictions. Furthermore, the platform’s ecosystem will consist of Pomergame, Pomerplace, and NFTs to offer additional rewards. Users with gold status can sell skins and other valuables in the Pomerplace.

Moreover, the P2E gaming market is estimated to grow at a CAGR of 32.56% from 2023 to 2030, to reach $8,856.95 million. Pomerdoge could be a great opportunity to enter the market at a budget-friendly price point. With POMD, the native token, priced at $0.0165, investors can plan for the long term.

Experts predict the token will grow by 4,000% as the price is bullish. Furthermore, users can earn a percentage of the platform’s revenue as income. Needless to say, many big-time investors are joining the presale. Additionally, the platform will offer a unique collection of 7,777 NFTs for investors. With such benefits, it’s no surprise that the platform raised over $1.8 million already. Pomerdoge will launch in Q4 of 2023.

Visit the links below for more information about Pomerdoge (POMD):

Website: https://pomerdoge.com/

Telegram Community: https://t.me/pomerdoge

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