📈 Analysis and Prediction (ADA and AXS):

🗓️ ADA/USDT - On September 18, the price of #cardano broke through the descending resistance line. After forming a higher low on October 19, the growth of #ada accelerated. As a result, today the price reached a high of $0.39. However, despite this, ADA has not been able to break through the horizontal resistance area of $0.30. If ADA breaks above $0.30, it could rise another 30% and reach the July high at $0.38. Despite the bullish forecast, a bounce-back from the horizontal resistance area around $0.30 is likely to lead to an 18% drop to the nearest support at $0.24.

📝 AXS/USDT - On October 19, the price of the Axie Infinity token dropped to a yearly low of $4. However, since then, many users have taken action to avoid irreparable losses, and over the past few days, the #axs price has increased by 21%. This has sparked hopes that investor interest in metaverses may revive once again. On October 15, the Axie Infinity network recorded a monthly low of 173 active addresses. However, after a week of consistent user activity growth, on October 24, it reached a three-month peak of 445 active addresses. Between October 19 and 26, investors transferred 354,000 AXS tokens to exchange wallets. 10,490 addresses purchased 128.27 million AXS at an average price of $7. If they decide to realize their profits soon, it could lead to a bearish reversal. However, if user activity continues to grow, the Axie Infinity bounce back could reach the $10 range. Currently, 3,660 addresses hold 2.08 million AXS tokens purchased at an average price of $4.40. If they continue to hodl, they may prevent a price reversal.

What do you think about these developments? 📈🤔