Axie Infinity (AXS) Price Prediction 2023— Will AXS Hit $6 Soon?
- Bullish Axie Infinity price prediction is $7.86 to $19.05.
- Axie Infinity (AXS) price might also reach $6 soon.
- Bearish Axie Infinity price prediction for 2023 is $6.07.
In Axie Infinity (AXS) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about Axie Infinity to analyze the future movement of the cryptocurrency.
Axie Infinity (AXS) Current Market Status
| Current Price | $5.89 |
| 24 – hour trading volume | $70,094,463 |
| 24 – hour price change | 6.2% Down |
| Circulating supply | 114,420,893 |
| All – Time High | $164.90 (On November 06, 2021) |
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. Besides, 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 2023
Axie Infinity (AXS) holds the 52nd position on CoinGecko right now. Axie Infinity price prediction 2022 is explained below with a daily time frame.
The above chart of AXS laid out the Horizontal channel also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
Currently, Axie Infinity (AXS) is in the range of $6.24. If the pattern continues, the price of Axie Infinity might reach the resistance levels of $7.86, $10.39 and $15.57. If the trend reverses, then the price of Axie Infinity may fall to $6.07.
Axie Infinity (AXS) Support and Resistance Levels
The chart below shows the support and resistance levels of Axie Infinity (AXS).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Axie Infinity (AXS).
| Resistance Level 1 | $8.29 |
| Resistance Level 2 | $13.40 |
| Resistance Level 3 | $19.05 |
| Support Level | $6.17 |
The charts show that Axie Infinity (AXS) has performed a bullish trend over the past month. If this trend continues, Axie Infinity might run along with the bulls overtaking its resistance level at $19.05.
Accordingly, if the investors turn against crypto, the price of Axie Infinity (AXS) might plummet to almost $6.17, a bearish signal.
Axie Infinity (AXS) Price Prediction 2023 — 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 Axie Infinity 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 below 50 MA (short-term), so it is in a downtrend. Currently, Axie Infinity has entered a bearish state. Therefore, there is a possibility of a reversal trend of Axie Infinity at any time.
Meanwhile, the relative strength index (RSI) of the Axie Infinity is 36.54. This means that Axie Infinity (AXS) is in an oversold state. However, this means a major price reversal of Axie Infinity may occur in the upcoming days. So, traders need to trade carefully.
Axie Infinity (AXS) Price Prediction 2023 — ADX, RVI
Let us now look at the 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 Axie Infinity lies in the range of 13.20 and thus, it indicates a weak 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 Axie Infinity lies below 50, indicating low volatility. In fact, the RSI of Axie Infinity (AXS) is at 36.54 thus confirming a potential sell signal.
Comparison of Axie Infinity with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Axie Infinity (AXS).
From the above chart, it can be interpreted that ETH, BTC, and AXS are moving in a similar trend. 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 2024
If the declining price action completely slows down in momentum and the trend reverses, Axie Infinity (AXS) might probably attain $8 by 2024.
Axie Infinity (AXS) Price Prediction 2025
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 $10 by 2025.
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 7 years, AXS would rally to hit $14.
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 4 years, AXS would rally to hit $17.
Axie Infinity (AXS) Price Prediction 2028
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 $20.
Axie Infinity (AXS) Price Prediction 2029
Axie Infinity (AXS) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, AXS would hit $23 in 2029.
Axie Infinity (AXS) Price Prediction 2030
If investors flock in and continue to place their bets on Axie Infinity (AXS) , it would witness major spikes. AXS might hit $26 by 2030.
Conclusion
With continuous improvements in the Axie Infinity network, we can say that 2023 is a good year for Axie Infinity. For this reason, the bullish price prediction of Axie Infinity (AXS) in 2023 is $19.05. On the other hand, the bearish price prediction of Axie Infinity (AXS) price prediction for 2022 is $6.07.
Furthermore, with the advancements and upgrades to the Axie Infinity ecosystem, the performance of Axie Infinity would help to reach above its current all-time high (ATH) of $164.90 very soon. But it might also reach $6 if the investors believe that Axie Infinity is a good investment in 2023.
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, LBank, Bitget, OKX, FMFW.io, 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 2023.
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 $6 soon.
Axie Infinity (AXS) price is expected to reach $8 by 2024.
Axie Infinity (AXS) price is expected to reach $10 by 2025.
Axie Infinity (AXS) price is expected to reach $14 by 2026.
Axie Infinity (AXS) price is expected to reach $17 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/axie-infinity-axs-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
