PRICE PREDICTION
- Bullish AXS price prediction is $74.45 to $166.30.
- The AXS price will also reach $170 soon.
- AXS bearish market price prediction for 2022 is $12.32.
In Axie Infinity’s (AXS) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about AXS to analyze the future movement of the cryptocurrency.
Axie Infinity Current Market Status
According to CoinGecko, the price of AXS is $66.64 with a 24-hour trading volume of $537,672,992 at the time of writing. However, AXS has decreased nearly 3.8% in the last 24 hours.
Moreover, AXS has a circulating supply of 77,245,662 AXS. Currently, AXS trades in cryptocurrency exchanges such as Binance, OKX, Upbit, BTCEX, and Bitget.
What is Axie Infinity (AXS)?
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by the players. Axie is a non-fungible token (NFT) with different attributes and strengths that can be entered into 3v3 battles, with the winning team earning more experience points that are utilized to level up and Axie’ss stats or evolve their body parts. Each and individual Axie possesses six out of the hundreds of different potential body parts, each of which has its own battle move.
Axie Infinity is unique because each Axie can only be bred a total of seven times to help control the populations of Axies. AXS is an ERC-20 token launched on the Ethereum blockchain. It is secured by Ethereum’s proof-of-work (PoW) consensus mechanism
Axie Infinity (AXS) Price Prediction 2022
Axie Infinity holds the 33rd position on CoinGecko right now. AXS price prediction 2022 is explained below with a daily time frame.
A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels form in periods of price consolidation. Buying and selling forces are similar in a horizontal channel until a breakout or breakdown occurs.
Currently, AXS is in the range of $66.76. If the pattern continues, the price of AXS might reach the resistance level of $83.61. If the trend reverses, then the price of AXS may fall to $42.36.
Axie Infinity (AXS) Support and Resistance Level
The below chart shows the support and resistance level of AXS.
From the above daily time frame, it is clear the following are the resistance and support levels of AXS.
- Resistance Level 1 – $74.45
- Resistance Level 2 – $111.27
- Resistance Level 3 – $166.30
- Support Level 1 – $46.08
- Support Level 2 – $28.86
- Support Level 3 – $12.32
The charts show that AXS has performed a bullish trend over the past month. If this trend continues, AXS might run along with the bulls overtaking its resistance level at $166.30.
Accordingly, if the investors turn against the crypto, the price of the AXS might plummet to almost $12.32, a bearish signal.
Axie Infinity Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of AXS is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of AXS lies below the cutoff line, indicating weaker participants in the current trend.
More so, the AXS’s Moving Average (MA) is shown in the chart above. Currently, AXS is in a bullish state. Notably, the AXS price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of AXS at any time.
Meanwhile, the relative strength index (RSI) of the AXS is at level 62.34. This means that AXS is in a nearly overbought state. However, this means a major price reversal of AXS may occur in the upcoming days.
Axie Infinity Price Prediction 2022 — ADX, RVI
Let us now look at Axie Infinity’s Average Directional Index (ADX). 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. Currently, AXS lies in the range of 21.76, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of AXS. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of AXS lies below the 50 levels, indicating that the direction of volatility is low. In fact, AXS’s RSI is at 62.34 level thus confirming a potential buy signal.
Comparison of AXS with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Axie Infinity.
From the above chart, we can identify the trend of the ETH, BTC, and AXS is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and AXS also increases or decreases respectively.
Conclusion
With continuous improvements in the Axie Infinity network, we can say that 2022 is a good year for AXS. For this reason, the bullish price prediction of Axie Infinity in 2022 is $166.30. On the other hand, the bearish AXS price prediction for 2022 is $12.32.
Furthermore, with the advancements and upgrades on the AXS ecosystem, the performance of AXS would help to reach above its current all-time high (ATH) $111.27 very soon. But, it might also reach $170 if the investors believe that AXS is a good investment in 2022.