Axie Infinity (AXS) Price Prediction 2022— Will AXS Hit $120 Soon?
- Bullish AXS price prediction is $19.78 to $114.19.
- Axie Infinity (AXS) price might also reach $120 soon.
- Bearish AXS price prediction for 2022 is $12.03.
In Axie Infinity (AXS) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about AXS to analyze the future movement of the cryptocurrency.
Axie Infinity (AXS) Current Market Status
According to CoinGecko, the price of Axie Infinity (AXS) is $18.66 with a 24-hour trading volume of $148,381,751 at the time of writing. However, AXS has decreased by nearly 0.9% in the last 24 hours.
Moreover, Axie Infinity (AXS) has a circulating supply of 88,603,583 AXS. Axie Infinity (AXS) trades in cryptocurrency exchanges such as Binance, Upbit, FMFW.io,OKX, WhiteBIT,Coinbase Exchange.
What is Axie Infinity (AXS)?
Axie Infinity (AXS) is the governance token of Axie Infinity, an Ethereum-based play-to-earn (P2E) NFT game. AXS was launched as an ERC-20 token in November 2020. The token also exists as a BEP-20 token, compatible with the Binance Smart Chain (BSC).
Axie Infinity was launched by the Vietnam-based Sky Mavis on the Ethereum blockchain in 2018. This P2E NFT game includes the Axies, native NFTs, and another governance token, Smooth Love Potion (SLP). By playing this game, users earn AXS and SLP tokens and later exchange those for other cryptocurrencies.
Axie Infinity (AXS) Price Prediction 2022
Axie Infinity (AXS) holds the 44th position on CoinGecko right now. AXS price prediction 2022 is explained below with a daily time frame.
The above chart of Axie Infinity (AXS) laid out an ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
Currently, Axie Infinity (AXS) is in the range of $18.54. If the pattern continues, the price of AXS might reach the resistance levels of $20.51 and $28.23. If the trend reverses, then the price of AXS may fall to $16.39, $14.37 and $12.40.
Axie Infinity (AXS) Support and Resistance Levels
The chart below shows the support and resistance levels of AXS.
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Axie Infinity (AXS).
| Resistance Level 1 | $19.78 |
| Resistance Level 2 | $35.01 |
| Resistance Level 3 | $70.30 |
| Resistance Level 4 | $114.19 |
| Support Level | $12.03 |
The charts show that Axie Infinity (AXS) has performed a bullish trend over the past month. If this trend continues, AXS might run along with the bulls overtaking its resistance level at $114.19.
Accordingly, if the investors turn against the crypto, the price of Axie Infinity (AXS) might plummet to almost $12.03, a bearish signal.
Axie Infinity (AXS) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Axie Infinity (AXS) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of AXS lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Axie Infinity (AXS) is shown in the chart above. Notably, Axie Infinity (AXS) price lies above 50 MA (short-term), so it is in an uptrend. Currently, AXS has entered a bullish state. Therefore, there is a possibility of a reversal trend of AXS at any time.
Meanwhile, the relative strength index (RSI) of the AXS is 58.83. This means that Axie Infinity (AXS) is in an overbought state. However, this means a major price reversal of AXS may occur in the upcoming days. So, traders need to trade carefully.
Axie Infinity (AXS) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of Axie Infinity (AXS). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Axie Infinity (AXS). Currently, the ADX of AXS lies in the range of 27.78 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Axie Infinity (AXS). RVI measures the constant deviation of price changes over a period of time. The RVI of AXS lies above 50, indicating high volatility. In fact, the RSI of Axie Infinity (AXS) is at 58.83 thus confirming a potential sell signal.
Comparison of AXS with BTC, ETH
The chart below shows the price comparison between Bitcoin, Ethereum, and Axie Infinity (AXS).
From the above chart, we can interpret that the price action of AXS is similar to BTC and ETH . This indicates that when the price of BTC and ETH increases or decreases, the price of AXS also increases or decreases respectively.
Axie Infinity (AXS) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Axie Infinity (AXS) might probably attain $125 by 2023.
Axie Infinity (AXS) Price Prediction 2024
With several upgrades in the network, Axie Infinity (AXS) might enter a bullish trajectory. If the coin grabs the attention of major investors, AXS might rally to hit $130 by 2024.
Axie Infinity (AXS) Price Prediction 2025
If Axie Infinity (AXS) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, AXS would rally to hit $135.
Axie Infinity (AXS) Price Prediction 2026
If Axie Infinity (AXS) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, AXS would rally to hit $140.
Axie Infinity (AXS) Price Prediction 2027
If Axie Infinity (AXS) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, AXS would rally to hit $145.
Axie Infinity (AXS) Price Prediction 2028
Despite the trends in the highly-volatile crypto market, if Axie Infinity (AXS) holds up a strong stance as a better investment option for the next 6 years, it might drive significant price rallies. Thus, by 2028, AXS would hit $150.
Axie Infinity (AXS) Price Prediction 2029
If investors flock in and continue to place their bets on Axie Infinity (AXS), it would witness major spikes. AXS might hit $155 by 2029.
Axie Infinity (AXS) Price Prediction 2030
With greater advancements in the Axie Infinity ecosystem, the crypto community might continue to invest in Axie Infinity (AXS) for the next 8 years and drive significant price rallies for the token. Hence, Axie Infinity (AXS) might hit $160 by 2030.
Conclusion
With continuous improvements in the Axie Infinity network, we can say that 2022 is a good year for AXS. For this reason, the bullish price prediction of Axie Infinity (AXS) in 2022 is $114.19. On the other hand, the bearish price prediction of Axie Infinity (AXS) price prediction for 2022 is $12.03.
Furthermore, with the advancements and upgrades to the Axie Infinity ecosystem, the performance of AXS would help to reach above its current all-time high (ATH) of $164.90 very soon. But, it might also reach $120 if the investors believe that AXS is a good investment in 2022.
FAQ
Axie Infinity (AXS) is the governance token of Axie Infinity, an Ethereum-based play-to-earn (P2E) NFT game. It exists as an ERC-20 and BEP-20 token and was launched in 2018.
Axie Infinity (AXS) has been listed on many crypto exchanges which include Binance, Upbit, FMFW.io,OKX, WhiteBIT,Coinbase Exchange.
With the ongoing developments and upgrades within the AXS platform, it has a high possibility of reaching its ATH soon.
On November 06, 2021, Axie Infinity (AXS) reached its new all-time high (ATH) of $164.90.
Axie Infinity (AXS) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Axie Infinity in the past few months, AXS is considered a good investment in 2022.
Axie Infinity (AXS) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Axie Infinity (AXS) will hit $120 soon.
Axie Infinity (AXS) price is expected to reach $125 by 2023.
Axie Infinity (AXS) price is expected to reach $130 by 2024.
Axie Infinity (AXS) price is expected to reach $135 by 2025.
Axie Infinity (AXS) price is expected to reach $140 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Recommended For You
Read more: https://thenewscrypto.com/axie-infinity-axs-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
