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The Axie Infinity price forecast suggests that the coin is bouncing back from its daily opening price of $7.40, with potential for further fluctuations ahead.
Is Investing in Axie Infinity Worth It?
Axie Infinity, which rewards successful players in an online game, could be a good investment depending on several factors: its potential rebound from current lows, the timing and extent of this recovery, and whether the metaverse can regain its 2021 popularity.
Axie Infinity Prediction Statistics Data:
- Axie Infinity price now – $7.46
- Axie Infinity market cap – $1.0 billion
- Axie Infinity circulating supply – 145.3 million
- Axie Infinity total supply – 270 million
- Axie Infinity Coinmarketcap ranking – #82
AXS/USD Market
Key Levels:
Resistance levels: $10, $11, $12
Support levels: $5, $4, $3
AXS/USD is currently trading below the 9-day and 21-day moving averages after reaching a daily high of $7.48. As of now, Axie Infinity is priced at $7.46 and is targeting the upper boundary of the channel. With the latest recovery, the digital asset appears poised to cross above the 21-day moving average, potentially initiating a bullish trend.
Axie Infinity Price Prediction: Can AXS Break Above $8.0?
The Axie Infinity price could potentially achieve a bullish cross above the 9-day and 21-day moving averages if bullish momentum increases. If AXS/USD breaks above the channel, it might target the resistance levels of $10, $11, and $12, driving the price upward. Conversely, significant selling pressure could pull the price towards the lower boundary of the channel if the bears reassert themselves.
Nevertheless, if Axie Infinity remains below the moving averages, a bearish trend could push the price down to the support levels of $5, $4, and $3. Currently, the 9-day moving average is still positioned above the 21-day moving average, suggesting a potential bullish movement within the channel.
AXS/BTC Prepares for the North
According to the chart, the Axie Infinity price could rise against Bitcoin. If buyers can push the price above the 9-day and 21-day moving averages and cross the upper boundary of the channel, the market may start following an uptrend.
However, as buyers return to the market and increase bullish pressure, the price could reach the resistance level of 1400 SAT and higher. Conversely, a bearish move toward the lower boundary of the channel could drive the price down to the support level of 870 SAT and below.
Moreover, @CryptoFaibik informed his 90k followers on X (formerly Twitter) that $AXS has confirmed a major trendline breakout and retest on the 8-hour timeframe chart. ✅ This setup looks promising for a potential +40% bullish rally in the near term. 📈
$AXS Major Trendline Breakout & Retest has confirmed on the 8hr timeframe Chart.. ✅
Looks Promising for the +40% Bullish Rally in the near term. 📈#Crypto #AXS #AXSUSDT pic.twitter.com/VrxIndGIDc
— Captain Faibik (@CryptoFaibik) May 23, 2024
Axie Infinity Alternatives
Axie Infinity (AXS) is showing positive movement today, with its price hovering around the resistance level of $7.46, up from a low of $7.39. A daily close above the upper boundary of this channel could push the price up to $8.50. Traders should be aware that a consistent price increase might attract more buyers if the bulls continue to strengthen their positions. Currently ranked as the 82nd largest cryptocurrency with a market cap of $1 billion, Axie Infinity maintains a slightly bullish trend. Meanwhile, the Dogeverse presale, a multi-chain meme coin, has successfully raised over $15 million, offering investors a unique opportunity to join this pioneering revolution.
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