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Is Axie Infinity Ready to Soar?

Is Axie Infinity Ready to Soar? WikiBit 2024-02-15 10:25

The Axie Infinity crypto reversed its course from the 200-Day EMA and turned positive in the short term. The crypto formed a triple bottom pattern near

  Axie Infinity Crypto Volume Analysis

  The volume analysis shows that Axie Infinity received $66.293 Million in the past 24 hours with a 24.7% drop since yesterday. Also, the volume to market cap ratio is 6.30%, highlighting low volatility in the crypto.

  Furthermore, it has a fixed total supply of 270 Million AXS tokens, out of which, 137.249 Million tokens are in the circulating supply. The circulating supply is almost 50.83% of the total supply.

  Axie Infinity Crypto Volume Analysis

  From a technical perspective, AXS crypto has surpassed the 50 and 20-Day EMAs, intending to scratch higher levels and resume the long-term trend.

  At the time of writing, the RSI line was placed at 58.24 points which was above the mean line. Whereas, the SMA line was at 47.91, hovering near the mean line and suggesting the initiation of a positive trend in the market.

  Moreover, the RSI line has made a bullish crossover of the SMA line, indicating the continuation of the trend in the short term.

  Axie Infinity Price Prediction For February 2024

  The positive view of analysts predicts an upside potential of over 16.94% by February end, which could take the Axie Infinity price above the $9.24 mark.

  On the other hand, the bearish view of analysts predicts that the price could drop near the lower levels of $7 and $5.5 level if it sinks below the 50-Day EMA.

  Axie Infinity Price Prediction for 2024

  The price prediction for 2024 shows that the Axie Infinity may advance to a high of $13.447 by the end of 2024. The less optimistic analysts estimate a price target of $10.77 by the end of the year.

  Axie Infinity Price Prediction for 2025

  Según la opinión más positiva de nuestros analistas, el precio puede alcanzar la marca de 20.48 dólares, lo que sugiere un potencial de subida del 157.09% para 2025. La visión pesimista es que el precio podría alcanzar los 14.49 dólares para finales del año fiscal 2025.

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