Axie Infinity (AXS) Price Prediction: 40% Hike Incoming?!

Axie Infinity (AXS), a fast-growing virtual world with several nostalgic gaming titles, has approached the tipping point of bullish breakout. The mid-cap altcoin, with a fully diluted valuation of about $2.1 billion and a daily average traded volume of around $42 million, is well bolstered by its gaming ecosystem.

Market insights furnished by DappRadar unveil the staggering engagement within the Axie Infinity network, boasting nearly 44,000 unique active wallets (UAW), leading to over 67,000 transactions across various smart contracts. This vibrant community thrives on the fusion of Non-Fungible Tokens (NFTs) and token systems.

Notably, Axie Infinity NFT projects have amassed a formidable trading volume, surging to approximately $1.81 million in the past month alone.

Analyzing the Bullish Signals

Renowned crypto analysts Ali Martinez and Captain Faibik illuminate the path ahead for AXS, detecting compelling patterns signaling an imminent bullish breakout. Martinez highlights the formation of an inverted head and shoulders (H&S) pattern on AXS’s weekly chart, hinting at a forthcoming surge.

With AXS primed to breach the resistance level of $13, Martinez anticipates a robust rally propelling the price to soar to $22 and beyond.

Echoing this sentiment, Captain Faibik identifies a bullish trajectory for AXS against the US dollar, accentuated by a decisive breakout from a significant falling logarithmic trend on the 8-hour timeframe. As the asset completes its retest phase, Faibik projects a staggering 40 percent surge in the near term, underscoring the growing optimism surrounding Axie Infinity’s upward trajectory.

Are crypto analysts right about Axie Infinity? Will it soar or crash? Do your own research and decide for yourself.

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