• Axie Infinity price is currently at $12.55, trading around the upper boundary of the channel.
• If the bulls maintain the upward trend, AXS/USD may likely move to touch the resistance levels of $18, $20, and $22 to keep the price on the upside.
• Any strong selling pressure below the 9-day moving average may drag the price toward the lower boundary of the channel if the bears step back into the market.
The Axie Infinity price prediction is on the rise from the opening price of $12.53 as the price continues to fluctuate. At the time of writing, Axie Infinity is trading at around $12.55, staying above the 9-day and 21-day moving averages after hitting the daily high at the $13.94 resistance level. With the recent recovery, the digital asset is likely to cross above the channel to increase the bullish movement.
The Axie Infinity market cap stands at $1.27 billion with a circulating supply of 100.1 million and a total supply of 270 million. The AXS/USD market key levels include resistance levels of $18, $20, and $22, while the support levels are $8, $6, and $4.
If the bulls are able to maintain the upward trend, AXS/USD may likely move to touch the resistance levels of $18, $20, and $22 to keep the price on the upside. On the other hand, any strong selling pressure below the 9-day moving average may drag the price towards the lower boundary of the channel if the bears step back into the market.
However, investors should be aware that market conditions are highly volatile and unpredictable, so it is important to conduct thorough research and analysis before making any investment decisions. It is also important to keep a close eye on the news, as any changes in the regulatory landscape could have a major impact on the price of Axie Infinity.