- Axie Infinity price prediction shows the roadmap for AXS crypto to reach $20 by mid 2023.
- AXS cryptocurrency has been consolidating above 50 and 100-days Daily Moving Average while AXS is still below 20 and 200-days DMA.
- Axie Infinity price might recover the most during 2023 says some analysts from a bigger cryptocurrency firm.
Axie Infinity price prediction suggests the token’s maximum recovery during 2023 as AXS crypto holds the potential to soar rapidly. AXS cryptocurrency had an interesting roller-coaster ride throughout 2022 and declined till $5.92. However, 2023 has been a great year for AXS Crypto price till now as it has recovered from $5.92 to $12.60 level with its strong bullish rally.
AXS crypto price might try totally towards $20 level if it breaks out of the current consolidation phase over the daily time frame chart. AXS cryptocurrency needs to attract more buyers in order to rebound towards the upper price range of the consolidation phase that is $12.60 level.
Axie Infinity price was at $10.30 and has lost 0.48% of its market capitalization during the day’s trading session. Trading volume has decreased by 27.98% during the intraday trading session. This demonstrates that sellers are still involved in the trade to drag the AXS crypto price below the range-bound area. Volume to market cap ratio was 0.05384.
Axie Infinity Price Roadmap To Reach $20
Axie Infinity price has been recovering since it got support from $5.92 support level and it needs to maintain the current accumulation rate to surpass the $15 resistance level. If the Axie Infinity price surges out of the $15 resistance level after breaking out of the consolidation phase then AXS crypto might reach $20 in mid 2023.
AXS cryptocurrency needs to attract more buyers in order to first surge towards the upper price range of the consolidation phase then to break out of the $15 resistance. However, volume change is still below average and needs to grow for AXS Crypto price to maintain its recovery phase.
Will AXS Crypto Price Break This Consolidation?
Axie Infinity price needs to maintain the accumulation rate of buyers through consecutive trading sessions to rally towards $15 primary resistance level after breaking out of the consolidation phase. Technical indicators suggest the sideways momentum of AXS cryptocurrency.
Relative Strength Index showcases the consolidation phase of AXS crypto price. RSI was at 48 and found flat below neutrality. MACD exhibits the downtrend momentum of AXS Crypto price. The MACD line is below the signal line after a negative crossover. Investors in Axie Infinity need to wait until the token breaks out of the consolidation phase.
Summary
Axie Infinity price prediction suggests the token’s maximum recovery during 2023 as AXS crypto holds the potential to soar rapidly. AXS cryptocurrency had an interesting roller-coaster ride throughout 2022 and declined till $5.92. If the AXS price surges out of the $15 resistance level after breaking out of the consolidation phase then AXS crypto might reach $20 in mid 2023. Technical indicators suggest the sideways momentum of AXS cryptocurrency. Investors in Axie Infinity need to wait until the token breaks out of the consolidation phase.
Technical Levels
Support Levels: $10.00 and $9.00
Resistance Levels: $12.60 and $15.00
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/02/12/axie-infinity-price-prediction-axs-cryptos-roadmap-to-reach-20/