Axie Infinity Price Prediction 2022 — Will AXS Hit $200 Soon?
- Bullish AXS price prediction is $42.20 to $168.20.
- The AXS price will also reach $200 soon.
- AXS bearish market price prediction for 2022 is $3.35.
In Axie Infinity’s (AXS) price prediction 2021, we use statistics, price patterns, RSI, RVOL, and much other information about AXS to analyze the future movement of the cryptocurrency.
Axie Infinity Current Market Status
According to CoinGecko, the price of AXS is $20.72 with a 24-hour trading volume of $207,648,211 at the time of writing. However, AXS has decreased nearly 7.7% in the last 24 hours.
Moreover, AXS has a circulating supply of 79,926,649 AXS. Currently, AXS trades in cryptocurrency exchanges such as Binance, OKEx, Mandala Exchange, Huobi Global, and FTX.
What is Axie Infinity (AXS)?
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by the players. Axie is a non-fungible token (NFT) with different attributes and strengths that can be entered into 3v3 battles, with the winning team earning more experience points that are utilized to level up and Axie’ss stats or evolve their body parts. Each individual Axie possesses six out of the hundreds of different potential body parts, each of which has its own battle move.
Axie Infinity is unique because each Axie can only be bred a total of seven times to help control the populations of Axies. AXS is an ERC-20 token launched on the Ethereum blockchain. It is secured by Ethereum’s proof-of-work (PoW) consensus mechanism
Axie Infinity (AXS) Price Prediction 2021
Axie Infinity holds the 43rd position on CoinGecko right now. AXS price prediction 2021 is explained below with a weekly time frame.
A falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. A falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. The falling wedge pattern occurs when the price is moving in an overall bullish trend before the price action corrects lower.
Currently, AXS is in the range of $20.72. If the pattern continues, the price of AXS might reach the resistance level of $76.60. If the trend reverses, then the price of AXS may fall to $15.80.
Axie Infinity (AXS) Support and Resistance Level
The below chart shows the support and resistance level of AXS.
From the above weekly time frame, it is clear the following are the resistance and support levels of AXS.
- Resistance Level 1 – $42.20
- Resistance Level 2 – $78.80
- Resistance Level 3 – $168.20
- Support Level 1 – $14.25
- Support Level 2 – $6.10
- Support level 3 – $3.35
The charts show that 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 $168.20
Accordingly, if the investors turn against the crypto, the price of the AXS might plummet to almost $3.35, a bearish signal.
Axie Infinity Price Prediction 2021 — RVOL, MA, and RSI
The Relative Volume (RVOL) of AXS is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of AXS lies below the cutoff line, indicating weaker participants in the current trend.
More so, the AXS’s Moving Average (MA) is shown in the chart above. Currently, AXS is in a bearish state. Notably, the AXS price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of AXS at any time.
Meanwhile, the relative strength index (RSI) of the AXS is at a level of 38.66. This means that AXS is in a nearly oversold state. However, this gives confidence to the traders to trade without any fear.
Axie Infinity Price Prediction 2021 — ADX, RVI
Let us now look at Axie Infinity’s Average Directional Index (ADX). 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. Currently, AXS lies in the range of 43.20, so it indicates a strong trend.
From the above chart, the Relative Volatility Index (RVI) of AXS. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of AXS lies below the 50 levels, indicating that the direction of volatility is low. In fact, AXS’s RSI is at 38.66level thus confirming a potential sell signal.
Comparison of AXS with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Axie Infinity.
From the above chart, we can identify the trend of the ETH, BTC, and AXS is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and AXS also increases or decreases respectively.
Conclusion
With continuous improvements in the Axie Infinity network, we can say that 2021 is a good year for AXS. For this reason, the bullish price prediction of Axie Infinity in 2021 is $168.20. On the other hand, the bearish AXS price prediction for 2021 is $3.35.
Furthermore, with the advancements and upgrades on the AXS ecosystem, the performance of AXS would help to reach above its current all-time high (ATH) $164.90 very soon. But, it might also reach $200 if the investors believe that AXS is a good investment in 2022.
FAQ
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by the players.
AXS has listed on many crypto exchanges which include Binance, OKX, Upbit, BTCEX, and Bitget.
With the ongoing developments and upgrades within the AXS platform, it has a high possibility of reaching its ATH soon.
On November 6, 2021, 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 AXS 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 $200 soon.
Axie Infinity (AXS) price is expected to reach $220 by 2023.
Axie Infinity (AXS) price is expected to reach $280 by 2024.
Axie Infinity (AXS) price is expected to reach $350 by 2025.
Axie Infinity (AXS) price is expected to reach $430 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as 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
