Axie Infinity (AXS) Price Prediction: How High Will AXS Go Given the Buzz Around Wall Street Memes?

Following a week of severe bearish pressure within the broader crypto market, Axie Infinity is among the few with impressive price rallies. AXS recorded an over 3% surge in value over the past 24 days.

Will the blockchain-based trading and battling crypto game create a sustainable price rally in the future?

With the volatile nature of the crypto market, predicting Axie Infinity’s potential future trend could be foggy.

However, consider some technical indicators and factors impacting AXS’s price trend.

Selling Pressure Interrupts AXS Coin’s Uptrend – Will The Price Plunge or Continue Upward?

AXS’ four consecutive candlesticks above indicate significant increases in buying pressure in the last four days.

Also, its price today, September 25, is above the 50-day and 200-day Simple Moving Average (SMA). As such, AXS’s overall market trend is bullish in the short and long term.

Additionally, the coin’s Moving Average Convergence Divergence (MACD) is above the signal line, which signifies the bullish momentum supporting AXS’ price.

However, considering the green histogram bar is fading today, the coin’s price could plummet.

Significant selling activities are already occurring, triggering a red candle stick formation on the chart. Notwithstanding, AXS’ Relative Strength Index (RSI) at 63.35 is flattening.

This suggests that if more selling activities are recorded today, the RSI will move downward, projecting a price dip into the oversold region (below 30).

However, if buying activities increase within the same time frame, the RSI will rocket, triggering price rallies in the overbought region (above 70).

AXS Continues Movement Toward Critical Support – Which is Near Rebound or Further Fall?

In the chart above, AXS trades below its support and resistance levels. This shows its tendency to go upward or downward in the coming days.

Considering today’s selling pressure is increasing drastically, AXS could fall to the critical support level of $4.57.

Since investors seeking to acquire low-price coins are expected to join the trade at this level, AXS could still rebound. If that happens, the coin will continue its rally, pushing it to the resistance level of $4.64.

Nevertheless, it’s advisable to devise strategic trade setups and comprehensive technical analysis for informed trading decisions.

Axie Infinity (AXS) Defies Crypto Market’s Prevailing Bearish Pressure

The broader crypto market remains bearish, with the Fear & Greed Index at 38 out of 100. This value reflects an overall fear sentiment among investors and traders in the market.

However, Axie Infinity is soaring in a favorable price trend. As of 05:03 AM EST on September 25, AXS trades at $4.58, indicating an increase of over 3% over the past day.

Also, AXS hit the $4.74 region during the early trading hours of today. This reflects the possibility of a greater bullish momentum accelerating its value.

Additionally, Axie Infinity is among the few assets with impressive daily price performance. According to CoinMarketCap, AXS is ranked the third-top gainer of the day, after Aptos (APT) and Curve DAO Token (CRV).

Also, according to data from CoinMarketCap, AXS recorded a staggering 476.23% surge in its 24-hour trade volume to $96.18 million.

The increased trade volume indicates that AXS is currently seeing an increasing buying pressure, which aids in spiking its price. The sustainability of such pressure from buyers in the future could trigger an exponential rise in the value of AXS.

Will Axie Infinity Scale Higher Amid Buzz Around Wall Street Memes?

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Axie Infinity (AXS) Alternative – Bitcoin BSC

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Its price at $0.99 presents an enticing opportunity for budget-conscious investors, potentially promising substantial returns.

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Currently, around 2 million tokens are staked, offering an impressive 120% APY potential, making it an attractive option. This particularly benefits the current bear market when alternative opportunities are gaining traction.

Acquiring Bitcoin BSC tokens

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Also Read:

• A New Altcoin Under $1 With High Upside Potential – Bitcoin BSC
• How To Buy Bitcoin BSC On Presale – Alessandro De Crypto Video Review

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