Axie Infinity Price Prediction: AXS Back in Consolidation Phase! 

• Axie Infinity price prediction showcases the token’s return inside the consolidation phase over the daily time frame chart.
• AXS crypto has recovered above 50 and 100-days DMA, while the token is still trying to sustain at 20-EMA to reach a 200-days Daily Moving Average.
• The pair of AXS/BTC was at 0.0004328 BTC with an intraday drop of 1.35%.

Axie Infinity Price Prediction showcases that the token’s price has recovered back inside the consolidation phase to soar maximum during 2023. Although AXS cryptocurrency has the ability to soar quickly, the maximum recovery for the token is predicted by Axie Infinity to occur in 2023. The AXS cryptocurrency experienced an intriguing roller-coaster ride in 2022 before falling to $5.92. Nonetheless, 2023 has so far been a terrific year for the Axie Infinity price as it has rallied strongly from the $5.92 level to $12.60. If it breaks out of the current consolidation phase on the daily time frame chart, the AXS cryptocurrency price may attempt to go completely towards the $20 level. In order to bounce back into the top price range of the consolidation period, which is the $12.60 level, AXS cryptocurrency needs to entice additional buyers.

Axie Infinity price was at $10.41 and has gained 2.96% of its market capitalization during the day’s trading session. Trading volume has increased till 57.282K during the intraday trading session. Volume to market cap ratio was 0.1015.

Axie Infinity price prediction suggests the token’s recovery back inside the consolidation phase over the daily time frame chart. However, volume change is still below average and needs to grow during the intraday trading session. Meanwhile, AXS crypto has recovered above 50 and 100-days DMA, while the token is still trying to sustain at 20-EMA to reach a 200-days Daily Moving Average. AXS crypto price needs to register its breakout from the consolidation phase from the upper price range. 

Past Gains by Axie Infinity Crypto

Axie Infinity price has gained around 1.76% during last week and 18.12% in the period of a month. Moreover, AXS crypto has gained around 45% in the last quarter, that is in the period of three months. Axie Infinity has gained around 72.68% Year to date. This shows the recovery of AXS crypto has already started and analysts believe that Axie Infinity price might reach $20 during 2023. 

Axie Infinity Price Prediction: Exclusive Technical Analysis

Axie Infinity price prediction suggests the token’s upside trend over the daily time frame chart. Technical indicators suggest the upward momentum of AXS crypto over the charts. 

Relative strength index showcases the upside trend of AXS crypto price. RSI was at 50 and is moving towards overbought territory from neutrality. MACD exhibits the consolidation phase of Axie Infinity price. The MACD line is trying to sustain below the signal line. Investors in Axie Infinity need to wait until the token leaves the consolidation phase.

Summary 

Although AXS cryptocurrency has the ability to soar quickly, the maximum recovery for the token is predicted by Axie Infinity to occur in 2023. If it breaks out of the current consolidation phase on the daily time frame chart, the AXS cryptocurrency price may attempt to go completely towards the $20 level. Axie Infinity price has gained around 1.76% during last week and 18.12% in the period of a month. Technical indicators suggest the upward momentum of AXS crypto over the charts.  Investors in Axie Infinity need to wait until the token leaves the consolidation phase.

Technical Levels

Support Levels: $9.80 and $9.00

Resistance Levels: $10.85 and $12.60

Disclaimer

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

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

Latest posts by Steve Anderrson (see all)