• The Axie Infinity price prediction sees a 1.68% price increase over the past 24 hours of trading as the cryptocurrency touches $127.
• Axie Infinity (AXS) may need to rise above $7.0 if the buyers keep the price above the 9-day and 21-day moving averages.
• On the contrary, traders may consider the market as bearish if the sellers take the market movement to the lower side.
The Axie Infinity price prediction sees a promising outlook as the cryptocurrency experiences a 1.68% increase over the past 24 hours of trading, taking the price to $127. This price surge is indicative of a stronger market sentiment and indicates that the buyers are back in the market.
The AXSUSD market has encountered various levels of resistance throughout its journey, with the $10, $11, and $12 mark representing the upper bounds of the market. On the other hand, the lower price range is represented by the $5, $4, and $3 mark.
At the time of writing, the Axie Infinity market is on the rise, with the technical indicator Relative Strength Index (14) moving above the 50-level. The red line of the 9-day MA is also moving to cross above the green line of the 21-day MA, suggesting that the market is shifting back into the bullish favor.
Moreover, the Axie Infinity price may need to rise above $7.0 if the buyers keep the price above the 9-day and 21-day moving averages. This will enable the cryptocurrency to keep up with the rising market sentiment and attract more investors to the market. On the contrary, the market may be considered bearish if the sellers take the market movement to the lower side.
Overall, the Axie Infinity price prediction sees a bullish outlook and a possible spike above the $7.0 level as the market is slowly shifting into the hands of the buyers. Nevertheless, traders should exercise caution and keep an eye out for any possible signs of price manipulation that might occur in the market.