Coin Edition -
- The long/short ratio for AXS and BCH reached extremely low levels.
- Bulls have gathered support for AXS at $7.65, indicating a potential rise to $8.72.
- The RSI formed a positive divergence for BCH, suggesting a bounce to $275.
Axie Infinity (AXS) and Bitcoin Cash (BCH) are two cryptocurrencies experiencing a higher level of short position than longs, a Santiment post revealed. However, the on-chain analytic platform noted that the negative sentiment around them could be the catalyst that leads to a rebound.