Axie Infinity (AXS) Price Prediction 2022— Will AXS Hit $70 Soon?

• Bullish Axie Infinity price prediction is $19.03 to $67.66
• Axie Infinity (AXS) price might also reach $70 soon.
• Bearish Axie Infinity  price prediction for 2022 is $12.26

In Axie Infinity (AXS) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about AXS to analyze the future movement of the cryptocurrency. 

Axie Infinity (AXS) Current Market Status

According to CoinGecko, the price of Axie Infinity (AXS) is $14.20 with a 24-hour trading volume of    $80,309,088 at the time of writing. However, Axie Infinity has decreased by nearly 4.2% in the last 24 hours.

Moreover, Axie Infinity (AXS) has a circulating supply of 89,932,235  Axie Infinity. Currently, Axie Infinity (AXS) trades in cryptocurrency exchanges such as Binance, Upbit, FMFW.io, OKX, LBank. 

What is Axie Infinity (AXS)?

Axie Infinity (AXS) is the governance token of Axie Infinity, an Ethereum-based play-to-earn (P2E) NFT game. AXS was launched as an ERC-20 token in November 2020. The token also exists as a BEP-20 token, compatible with the Binance Smart Chain (BSC).

Axie Infinity was launched by the Vietnam-based Sky Mavis on the Ethereum blockchain in 2018. This P2E NFT game includes the Axies, native NFTs, and another governance token, Smooth Love Potion (SLP). By playing this game, users earn AXS and SLP tokens and later exchange those for other cryptocurrencies. 

Axie Infinity (AXS) Price Prediction 2022

Axie Infinity (AXS) holds the 47th position on CoinGecko right now. AXS price prediction 2022 is explained below with a daily time frame.

The above chart of Axie Infinity (AXS) laid out anAscending Triangle .The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows.If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.

Currently, Axie Infinity (AXS) is in the range of $14.77 If the pattern continues, the price of Axie Infinity  might reach the resistance levels of $14.94and  $17.22. If the trend reverses, then the price of Axie Infinity may fall to $14.42 and $15.52

Axie Infinity (AXS) Support and Resistance Levels

The chart below shows the support and resistance levels of AXS.

From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Axie Infinity (AXS).

Resistance Level 1	$14.03
Resistance Level 2	$28.40
Resistance Level 3	$42.04
Resistance Level 4	$67.66
Support Level	$12.26

this trend continues, Axie Infinity might run along with the bulls overtaking its resistance level at   $67.66

Accordingly, if the investors turn against crypto, the price of Axie Infinity (AXS)  might plummet to almost    $12.26, a bearish signal.

Axie Infinity (AXS) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of Axie Infinity (AXS) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of Axie Infinity lies below the cutoff line, indicating weak participants in the current trend.

Also, the Moving Average (MA) of Axie Infinity (AXS) is shown in the chart above. Notably,  Axie Infinity (AXS) price lies below 50 MA (short-term), so it is  in a downtrend. Currently, Axie Infinity has entered a bearish state. Therefore, there is a possibility of a reversal trend of Axie Infinity at any time.

Meanwhile, the relative strength index (RSI) of the Axie Infinity is 40.97. This means that Axie Infinity (AXS) is in an oversold state. However, this means a major price reversal of Axie Infinity may occur in the upcoming days. So, traders need to trade carefully.

Axie Infinity (AXS) Price Prediction 2022 — ADX, RVI

Let us now look Average Directional Index (ADX) of Axie Infinity (AXS). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Axie Infinity (AXS). Currently, the ADX of Axie Infinity lies in the range of 7.12 and thus, it indicates a weak trend. 

The above chart also represents the Relative Volatility Index (RVI) of Axie Infinity (AXS). RVI measures the constant deviation of price changes over a period of time. The RVI of Axie Infinity lies above 50, indicating high volatility. In fact, the RSI of Axie Infinity (AXS) is at 40.97thus confirming a potential buy signal.

Comparison of AXS with BTC, ETH

The chart below shows the price comparison between Bitcoin, Ethereum, and Axie Infinity (AXS).

From the above chart, it can be interpreted that ETH, BTC, and AXS are moving in a similar trend. This indicates that when the price of BTC and ETH  increases or decreases, the price of AXS also increases or decreases respectively.

Axie Infinity (AXS) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Axie Infinity (AXS) might probably attain $90 by 2023.

Axie Infinity (AXS) Price Prediction 2024

With several upgrades in the network, Axie Infinity (AXS) might enter a bullish trajectory. If the coin grabs the attention of major investors, AXS might rally to hit $110 by 2024. 

Axie Infinity (AXS) Price Prediction 2025

If Axie Infinity (AXS) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, AXS would rally to hit $130.  

Axie Infinity (AXS) Price Prediction 2026

If Axie Infinity (AXS) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, AXS would rally to hit $150. 

Axie Infinity (AXS) Price Prediction 2027

If Axie Infinity (AXS) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, AXS would rally to hit $170. 

Axie Infinity (AXS) Price Prediction 2028

Despite the trends in the highly-volatile crypto market, if Axie Infinity (AXS) holds up a strong stance as a better investment option for the next 6 years, it might drive significant price rallies. Thus, by 2028, AXS would hit $190.

Axie Infinity (AXS) Price Prediction 2029

If investors flock in and continue to place their bets on Axie Infinity (AXS), it would witness major spikes. AXS might hit $210 by 2029.

Axie Infinity (AXS) Price Prediction 2030

With greater advancements in the Axie Infinity ecosystem, the crypto community might continue to invest in Axie Infinity (AXS) for the next 8 years and drive significant price rallies for the token. Hence, Axie Infinity (AXS) might hit $230 by 2030.

Conclusion

With continuous improvements in the Axie Infinity network, we can say that 2022 is a good year for Axie Infinity. For this reason, the bullish price prediction of Axie Infinity (AXS) in 2022 is $67.66. On the other hand,  the bearish price prediction of Axie Infinity (AXS) price prediction for 2022 is $12.26.

Furthermore, with the advancements and upgrades to the Axie Infinity ecosystem, the performance of Axie Infinity would help to reach above its current all-time high (ATH) of $   $164.90 very soon. But, it might also reach $70  if the investors believe that Axie Infinity is a good investment in 2022.

FAQ

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Recommended For You