Chainlink, Axie Infinity & Cardano — Asian Wrap 14 Jan

Chainlink price is facing difficulties moving above a significant resistance zone on the weekly chart. Failure to close above this resistance on the weekly chart could trigger a strong resumption of falling prices. Chainlink price behavior and the overall trend for the remainder of January will likely be decided this Friday.

Axie Infinity price stalls against the daily Tenkan-Sen, generating a new lower swing high and setting up AXS for another push south. Axie Infinity price had a nice 22% bounce from the Monday lows, but sellers came in at the Tenkan-Sen and thus prevented AXS from moving above the Tenkan-Sen.

Charles Hoskinson believes that Cardano has made progress despite challenges associated with proof-of-stake blockchains. The altcoin’s progress has increased its relevance and demand across the crypto ecosystem. Cardano is now traded on over 100 exchanges.