Axie Infinity Price Prediction: Will AXS Price double from $5.00?

• Axie Infinity Price Prediction stays bullish and suggests a rise in the long run.
• AXS Price is facing resistance at the 50 day EMA and downward sloping trendline.
• Axie Infinity Price defends $5.00 and is trading near to the yearly lows.

Axie Infinity Price Prediction remains bullish and suggests a rise in the long run. However, for the short term the price looks bearish and sellers are continuing the dominance on the higher level. 

AXS Price is slipping down by forming lower lows swings and facing strong hurdle at the 50 day EMA. It indicates the short term trend is in the downward direction and it will be difficult for bulls to reverse the trend. 

The downfall in Axie Infinity Price took halt near to the $5.00 and showed a minor recovery. But prices lacked momentum near the trendline and bears trying to revert it down. 

Axie Infinity crypto witnessed a massive spike in volume shows that some genuine investors have turned bullish. If the price is able to climb above the 50 day EMA then it will trigger positive sentiment and 20% rise is possible. 

From the past few months, AXS Price consolidated near $7.00 and tried to form a base. Sadly, In the beginning of June, Prices dropped below $7.00 and expanded the range downward. Therefore, $7.00 will now turn out as a strong hurdle. 

Axie Infinity Price is trading at $5.54 with an intraday rise of 0.18%. The 24 hour volume to market cap is 4.09%. 

Will Axie Infinity Price breakout the trendline?

Axie Infinity Price down by 18% in the current month and trading near to the yearly lows. Buyers tried multiple times to break out of the downward sloping trendline but got rejected. Well, this time the attempt looks powerful and more reliable due to the increase in the buying volume. 

However, the AXS Price will pick up momentum only after breakout of $8.00 hurdle. The probability of trendline breakout remains high till buyers sustain $5.00 support. On the other hand, if the AXS crypto price drops below $5.00 the sharp decline might be visible. 

The technical analysis suggests. Axie Infinity Price is in recovery mode and trendline breakout will display that buyers are returning back to track. 

Will AXS Price give the follow up momentum

AXS Price gained 21% in the previous week and formed a strong bullish candle. Well, buyers are failing to give the follow up momentum and seem reluctant to build long positions.

The MACD curve generated a fresh positive crossover and histogram bar is on rise. It indicates mild bullishness and buyers trying their best to rebound. The RSI at 46 sloping sideways denotes neutral territory and equal level of tug of war between buyers and sellers. 

Conclusion

Axie Infinity Price Prediction suggests a rise in the long run and rebound is possible till it holds $5.00 support. AXS Price is struggling to break out of the downward sloping trendline. 

The technical analysis suggests, AXS Price is in recovery mode and probability of trendline breakout is high. 

Technical levels

Resistance levels: $8.00 and $10.00

Support levels: $4.50 and $4.00

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.