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ThecoinrepublicCryptoAxie Infinity Price Prediction: Is AXS Crypto...
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Axie Infinity Price Prediction: Is AXS Crypto Price Looking For $30 In 2023?

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  • Norwegian police has recently recovered $5.8M crypto from the Axie Infinity hack
  • Technical indicators of AXS are favoring an upside trend in price.It has seen a gain of 0..4% in the BTC pair

Axie Infinity is a blockchain-based online game that has gained popularity in the cryptocurrency community. The game features digital creatures called Axies that players can breed, battle, and trade. The Axie are stored on the Ethereum blockchain, which makes them unique and valuable digital assets that can be bought and sold on cryptocurrency exchanges. The game’s native cryptocurrency is called AXS.

Axie Infinity has become a phenomenon in the world of cryptocurrency, with some players earning significant amounts of money by playing the game and trading their Axies. The game has also attracted attention from investors, with the price of AXS skyrocketing in 2021. The success of Axie Infinity can be attributed to several factors. The game has a strong community of players who are passionate about the game and its ecosystem. Recently Norwegian police has recently recovered $5.8M crypto from the Axie Infinity hack.

Axie infinty is ranked 49th in the cryptoverse and has a market cap of $1,246,331,756. Volume of the AXS has seen a gain of 50% in the intraday session. Volume to the market cap ratio of the Axie Infinity suggests a consolidated trend in price.

Bulls Are Supporting AXS Upside Trend

Axie Infinity Price Prediction
Source: TradingView

The weekly technical chart of the AXS suggests a consolidated trend in price. On the daily chart it is trading near the value of $11.16 with a gain of 2.5% in intraday session. It is currently moving in a weak consolidated trend but can see a breakout. Resistance of the AXS can be seen near $15.Meanwhile the support of the asset price can be seen near $7.5.It is currently trading above 50 and 100 Daily Moving Average. There can be a positive crossover which can push the asset price to a new high.

RSI  of the AXS can be seen near 57 suggesting its presence in the neutral zone.There is a positive slope suggesting a upside trend for the future.

Conclusion

AXIE is currently in an upside trend with the rise in crypto market.Various analysts are expecting a strong growth in Axis price.

Technical Levels

Major Resistance: $15

Major Support: $8

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

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Nancy J. Allen
Nancy J. Allen
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and a minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
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