Axie Infinity Price Prediction: Will AXS reach $14 by 2023 end?

• Axie Infinity Price Prediction suggests a rise and long term outlook remains bullish.
• AXS Price near to the yearly lows and eroded majority portion of previous gains.
• Axie Infinity Price struggles to sustain above the 50 day EMA. 

Axie Infinity Price Prediction suggests a rise in the long term till price holds the $5.00 support. Recently, it witnessed a massive spike in the buying volume shows responsive buyers are active at lower levels. 

AXS Price price is trading below the 200 day EMA indicates the positional trend is in the downward direction. However, if buyers succeed to climb above the 50 day EMA then the short term trend will reverse in the favor of bulls. 

From the past few months, Axie Infinity Price has not performed well and slipped down by forming lower low swings. Buyers have tried multiple times to break out of the $10.00 hurdle but get rejected. It shows sellers are still active and continuing the dominance on the higher levels. 

Axie Infinity Price is trading at $7.21 with an intraday decline of -1.50%. The 24 hour volume to market cap ratio is 0.2141. The pair of AXS/BTC is trading at 0.0002617 with an intraday decline of -1.91%. 

The chart structure of Axie Infinity with BTC pair is in a strong downtrend and keeps on hitting the lows. It indicates sellers are more active in the AXS/BTC pair as compared to the USDT pair. At the beginning of March, Axie Infinity Price dropped below the $10.00 support which hurted the sentiment of the long term investors. 

Will Axie Infinity Price rebound from yearly lows?

The correction in Axie Infinity halted near $7.00 and prices formed a bullish hammer candle. It created a hope for the trend reversal but prices faced resistance at the 50 day EMA and entered consolidation. 

Slow and steady prices declined and eroded the previous gains. Presently, the prices are near the demand zone and buyers are trying their best to rebound. If buyers succeed to break out of the $10.00 then the probability of reaching $14.00 will increase. 

Else the price is expected to trade in the range between $6.00 to $10.00. On the other hand, If the price drops below $6.00, it will raise concern for the long term investors. The technical analysis suggests, AXS Price is in downtrend and till price trade below $10.00 the short term up move will be doubtful. 

AXS Price formed long tail rejection candle

AXS Price is forming a long tail rejection candle on the weekly time frame. It shows sellers are dominating on the high levels. However, if market leader Bitcoin and Ethereum Price recovers then it may positively impact the prices of other Altcoins. 

The technical indicators like MACD had generated a fresh positive crossover and histogram bar is on rise. It indicates mild bullishness and buyers are returning back to the track. The RSI at 44 sloping sideways denotes prices likely to test the neutral territory.

Conclusion

Axie Infinity Price Prediction suggests a rise in the long term. However, In short term price is in a downtrend and no signs of recovery are visible. AXS Price will gain momentum when buyers succeed to break the $10.00 hurdle. Till then it is expected to remain in the range.

Technical levels

Resistance levels: $10.00 and $14.00

Support levels: $5.85 and $5.00

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.