- Axie Infinity crypto price is struggling between the 20-Day and 100-Day moving averages.
- Axie Infinity’s price has declined by 95% from its all-time high.
Axie Infinity (AXS) token price has performed positively since mid-October. AXS token price has been rising by taking support on a trendline. Since the beginning of 2023, the AXS price has been in a bearish trend and fell after facing resistance from the trendline. Since the last week of October 2023, the price has jumped by 150%.
Axie Infinity token price has declined by 30% from the recent high, indicating a profit booking trend. The sellers tried many times to drag down the price below the 100-Day moving average but buyers were strong enough and defended for now.
Axie Infinity crypto price is trading at $7.75% which has risen by 2.11% in the last 24 hours. The circulating supply of Axie Infinity is 135,764,012 AXS and the fully diluted market cap is $2,091,586,332.
RSI is at 50 which indicates a neutral momentum. The Axie Infinity token price is trading over the 200-Day moving average, showcasing a bullish trend.
Axie Infinity Price Forecast Based on Technical Analysis
According to the data on January 20, 2024, the AXS price prediction sentiment is neutral with 17 technical indicators signaling a bullish signal while 10 signaling a bearish signal.
Axie Infinity Price Technical Analysis Over 1-D Time Frame
Axie Infinity token price has been in a short-term bullish trend and rising through a trendline. The AXS price had been in an uptrend but the trend was disturbed near the $10 level and further performed negatively.
If the AXS token price fails to defend the trendline and slips below the 200-Day moving average then a price may decline to the $6 mark soon and a bearish momentum can be expected. But if the AXS crypto price slips below the $6 level then sellers may become strong and it may melt to the strong support level of $4.
AXS price is currently on the trendline and the price rejection shows the bulls’ grip. If It forms a bullish candlestick pattern sustained over the 20-Day moving average, buying momentum can be initiated and the up trend will continue.
Axie Infinity Crypto Price Prediction FAQs
What is the AXS price prediction today?
The AXS price is predicted to gain 2.90% to reach $7.81 by today.
What is the AXS crypto price prediction tomorrow?
According to our analysis, the AXS price will gain 5.48% to reach $8.21 by tomorrow.
What is the AXS price prediction for this week?
The Axie Infinity crypto price is forecasted to range between $7.83 and $9.36 by this week. The AXS price needs to gain 19.51% to reach the upper target.
What is the current AXS price prediction sentiment?
The current AXS price prediction sentiment is neutral according to our technical analysis.
Conclusion
Based on the technical analysis, the current AXS price prediction sentiment is neutral, with the price stuck between the 20-Day and 100-Day moving averages. The recent decline of 30% from the recent high confirms profit booking. But buyers are still strong enough to defend the price from falling below the 100-Day moving average. If the price fails to defend the trendline and slips below the 200-Day moving average, bearish momentum can be expected with a potential decline to the $6 mark.
Technical Levels
Resistance: $9.00 & $11.00
Support: $6.00 & $5.00
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.