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11 months ago
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ARTICLE AD BOX
- Bullish AXS price prediction for 2023 is $11.47 to $15.58.
- Axie Infinity (AXS) price might reach $20 soon.
- Bearish (AXS) price prediction for 2023 is $5.99.
In this Axie Infinity (AXS) price prediction 2023, 2024-2030, we will analyze the price patterns of AXS by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
AXIE INFINITY (AXS) PRICE PREDICTION 2023 |
|
| AXIE INFINITY (AXS) PRICE PREDICTION 2024, 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Axie Infinity (AXS) Current Market Status
| Current Price | $9.92 | 24 – Hour Price Change | 7.26% Down |
| 24 – Hour Trading Volume | $476,136,568 |
| Market Cap | />$1,271,464,905 |
| Circulating Supply | 132,040,367 AXS | All – Time High | $165.37 (On Nov 07, 2021) |
| All – Time Low | $0.1234 (On Nov 06, 2020) |
Axie Infinity 24H Technicals
(Source: TradingView)
What is Axie Infinity (AXS)
| TICKER | AXS |
| BLOCKCHAIN | Axie Infinity |
| CATEGORY | web3 |
| LAUNCHED ON | November 2020 |
| UTILITIES | Governance, security, gas fees & rewards |
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) ranks 59th on CoinMarketCap in terms of its market capitalization. The overview of the Axie Infinity price prediction for 2023 is explained below with a daily time frame.
AXS/USDT Rounding Bottom Pattern (Source: TradingView)
In the above chart, Axie Infinity (AXS) laid out a rounding bottom pattern. The price movements form a pattern that resembles a bow and hence is also known as the saucer bottom pattern. In general, the rounding bottom pattern indicates a long-term price reversal. This pattern also emphasizes the changes in the market sentiment as the trend seems to shift from bearish to bullish. Investors generally have to stay cautious and time the market well. If the price breaks and moves past the resistance level, it will enter a confirmed bullish trajectory.
At the time of analysis, the price of Axie Infinity (AXS) was recorded at $9.92. If the pattern trend continues, then the price of AXS might reach the resistance levels of $12.21 and $37.46. If the trend reverses, then the price of AXS may fall to the support of $4.05.
Axie Infinity (AXS) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Axie Infinity (AXS) in 2023.
AXS/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Axie Infinity (AXS) for 2023.
| Resistance Level 1 | $11.47 |
| Resistance Level 2 | $15.58 |
| Support Level 1 | $8.30 |
| Support Level 2 | $5.99 |
AXS Resistance & Support Levels
Axie Infinity (AXS) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Axie Infinity (AXS) are shown in the chart below.
AXS/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Axie Infinity (AXS) market in 2023.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $6.90Price = $10.55 (50MA < Price) | Bullish(Uptrend) |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 83.31 <30 = Oversold 50-70 = Neutral>70 = Overbought | Overbought |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
Axie Infinity (AXS) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Axie Infinity (AXS) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
AXS/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Axie Infinity (AXS).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 21.88 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 89.50 <50 = Low >50 = High | High Volatility |
Comparison of AXS with BTC, ETH
Let us now compare the price movements of Axie Infinity (AXS) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs AXS Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of AXS is dissimilar to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of AXS decreases, if the price of BTC and ETH decreases, the price of AXS increases. .
Axie Infinity (AXS) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Axie Infinity (AXS) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Axie Infinity (AXS) Price Prediction 2024 | $22 | $5 |
| Axie Infinity (AXS) Price Prediction 2025 | $24 | $4.5 |
| Axie Infinity (AXS) Price Prediction 2026 | $26 | $4 |
| Axie Infinity (AXS) Price Prediction 2027 | $28 | $3.5 |
| Axie Infinity (AXS) Price Prediction 2028 | $30 | $3 |
| Axie Infinity (AXS) Price Prediction 2029 | $32 | $2.5 |
| Axie Infinity (AXS) Price Prediction 2030 | $34 | $2 |
Conclusion
If Axie Infinity (AXS) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Axie Infinity (AXS) price prediction for 2023 is $15.58. Comparatively, if unfavorable sentiment is triggered, the bearish Axie Infinity (AXS) price prediction for 2023 is $5.99.
If the market momentum and investors’ sentiment positively elevates, then Axie Infinity (AXS) might hit $20. Furthermore, with future upgrades and advancements in the Axie Infinity ecosystem, AXS might surpass its current all-time high (ATH) of $165.37 and mark its new ATH.
FAQ
1. What is Axie Infinity (AXS)?
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.
2. Where can you buy Axie Infinity (AXS)?
Traders can trade Axie Infinity (AXS) on the following cryptocurrency exchanges such as Binance, OKX, WEEX, Deepcoin, and Bitrue.
3. Will Axie Infinity (AXS) record a new ATH soon?
With the ongoing developments and upgrades within the Axie Infinity platform, Axie Infinity (AXS) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Axie Infinity (AXS)?
Axie Infinity (AXS) hit its current all-time high (ATH) of $165.37 on November 07, 2021.
5. What is the lowest price of Axie Infinity (AXS)?
According to CoinMarketCap, AXS hit its all-time low (ATL) of $0.1234 on November 06, 2020.
6. Will Axie Infinity (AXS) hit $10?
If Axie Infinity (AXS) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $20 soon.
7. What will be the Axie Infinity (AXS) price by 2024?
Axie Infinity (AXS) price might reach $22 by 2024.
8. What will be the Axie Infinity (AXS) price by 2025?
Axie Infinity (AXS) price might reach $24 by 2025.
9. What will be the Axie Infinity (AXS) price by 2026?
Axie Infinity (AXS) price might reach $26 by 2026.
10. What will be the Axie Infinity (AXS) price by 2027?
Axie Infinity (AXS) price might reach $28 by 2027.
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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.
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