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

  • Bullish AXS price prediction is $19.03 to $67.66.
  • Axie Infinity (AXS)  price might also reach $70 soon.
  • Bearish AXS  price prediction for 2022 is $11.68.

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

Axie Infinity (AXS) Current Market Status

According to CoinGecko, the price of Axie Infinity (AXS)  is $12.91 with a 24-hour trading volume of $ 89,175,143  at the time of writing. However, AXS has increased by nearly 8.6% in the last 24 hours.

Moreover, Axie Infinity (AXS)  has a circulating supply of 90,330,451 AXS. Axie Infinity (AXS)  trades in cryptocurrency exchanges such as Binance, FTX, Bithumb, Coinbase Exchange, KuCoin.

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. Besides, 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 48th  position on CoinGecko right now. Axie Infinity price prediction 2022 is explained below with a daily time frame.

Axie Infinity /USDT  Falling Wedge  pattern (Source: Tradingview)

The above chart of Axie Infinity (AXS) laid out a falling wedge which is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. A falling wedge pattern is considered to be a reversal pattern, although there are examples when it facilitates a continuation of the same trend. The falling wedge pattern occurs when the price is moving in an overall bullish trend before the price action corrects lower.

Currently, Axie Infinity (AXS)  is in the range of $12.52 If the pattern continues, the price of AXS  might reach the resistance levels of $12.91, $14.95 and  $19.50. If the trend reverses, then the price of AXS may fall to  $11.70.

Axie Infinity (AXS) Support and Resistance Levels

The chart below shows the support and resistance levels of Axie Infinity (AXS).

Axie Infinity /USDT Support and Resistance Levels (Source: Tradingview)

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

Resistance Level 1 $ 19.03
Resistance Level 2$ 28.40
Resistance Level  3$ 42.27
Resistance Level  4$  67.66
Support Level$ 11.68
Axie Infinity /USDT Support and Resistance Levels

The charts show that Axie Infinity (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 $67.66.

Accordingly, if the investors turn against the crypto, the price of Axie Infinity (AXS)   might plummet to almost $ 11.68, 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 AXS lies below the cutoff line, indicating weak  participants in the current trend.

Axie Infinity /USDT RVOL, MA, RSI (Source: Tradingview)

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

Meanwhile, the relative strength index (RSI) of the AXS is 42.64. This means that Axie Infinity (AXS)  is in an oversold state. However, this means a major price reversal of AXS may occur in the upcoming days. So, traders need to trade carefully. 

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

Let us now look at the 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.

Axie Infinity /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Axie Infinity (AXS) . Currently, the ADX of AXS lies in the range of 17.05 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 AXS lies above  50, indicating high volatility. In fact, the RSI of Axie Infinity (AXS)  is at 42.64 thus confirming a potential buy signal.

Comparison of Axie Infinity with BTC, ETH

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

BTC Vs ETH Vs Axie Infinity Price Comparison (Source: Tradingview)

From the above chart, we can interpret that the price action of AXS is similar to BTC and ETH. This indicates that when the price of  BTC and ETH  increases, the price of AXS increases.When the price of BTC and ETH decreases,the price of AXS decreases.

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 $75 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, Axie Infinity might rally to hit $80 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, Axie Infinity would rally to hit $85.

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, Axie Infinity would rally to hit $90.

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, Axie Infinity would rally to hit $95.

Axie Infinity (AXS) Price Prediction 2028

If Axie Infinity (AXS) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, Axie Infinity would hit $100 in 2028.

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. Axie Infinity might hit $105 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 for the next 8 years and drive significant price rallies for the token. Hence, Axie Infinity (AXS) might hit $110 by 2030.

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 (AXS)  in 2022 is $67.66. On the other hand,  the bearish price prediction of Axie Infinity (AXS)  price prediction for 2022 is $ 11.68.

Furthermore, with the advancements and upgrades to the Basic Attention Token ecosystem, the performance of AXS would help to reach above its current all-time high (ATH) of $164.90 very soon. But, it might also reach $20 if the investors believe that AXS is a good investment in 2022.

FAQ

1. What is Axie Infinity (AXS)?

Axie Infinity (AXS) is the governance token of Axie Infinity, an Ethereum-based play-to-earn (P2E) NFT game. It exists as an ERC-20 and BEP-20 token and was launched in 2018.

2. Where can you purchase Axie Infinity (AXS)?

Axie Infinity (AXS)  has been listed on many crypto exchanges which include Binance, FTX, Bithumb, Coinbase Exchange, KuCoin.

3. Will Axie Infinity (AXS) reach a new ATH soon?

With the ongoing developments and upgrades within the AXS platform, it has a high possibility of reaching its ATH soon.

4.  What is the current all-time high (ATH) of Axie Infinity (AXS)?

On November 06, 2021, Axie Infinity (AXS) reached its new all-time high (ATH) of $164.90.

5. Is Axie Infinity (AXS) a good investment in 2022?

Axie Infinity (AXS) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Axie Infinity in the past few months, AXS is considered a good investment in 2022.

6. Can Axie Infinity (AXS) reach $70?

Axie Infinity (AXS) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Axie Infinity (AXS) will hit $70 soon.

7. What will be the Axie Infinity (AXS) price by 2023?

Axie Infinity (AXS) price is expected to reach $75 by 2023.

8. What will be the Axie Infinity (AXS) price by 2024?

Axie Infinity (AXS) price is expected to reach $80 by 2024.

9. What will be the Axie Infinity (AXS) price by 2025?

Axie Infinity (AXS) price is expected to reach $85 by 2025.

10. What will be the Axie Infinity (AXS) price by 2026?

Axie Infinity (AXS) price is expected to reach $90 by 2026.

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

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