Axie Infinity (AXS) bulls have started to consolidate in the recent weeks, and they are still attempting to break out.

Since May 12, the currency had steadily declined and people became concerned it would drop below $10. However, we’re seeing signs of progress, with AXS poised to break out in the coming days. Here are some key points:

  • On May 12, AXS reached an all-time high of $12.50
  • AXS is building up above the crucial $20 and has done so in the last 24 hours.
  • There is potential for a bull run once this news breaks, which will send the coin to $27.
  • It then steadily declined and people became concerned it would drop below $10
  • AXS poised to break out in the coming days.
  • This argument will fail unless the $17.98 support is maintained by AXS.
Data Source: Tradingview

Axie Infinity – How it can oscillate to 50%

The build-up we’re seeing on AXS follows a period of decline. Because it might signal that the coin is about to break out of its long-term downward trend.

The key will be the $17.98 support, however. If the price action continues above this level and ends the day over $20, AXS will break

This would take it to a new all-time high of $27. If you are thinking about entering the market, we suggest doing so now while the price is still low. You don’t want to miss out on this potential 50% increase in value!

In the long run, the currency will most likely settle at about $27 before retreating. For AXS bulls, this will result in a gain of around 50%.

Another potential situation to keep an eye on is this. A push toward $28 may not occur all at once. AXS may attempt to test the $23.19 resistance first.

If this happens and the price action stalls, there is a good chance that we will see another increase towards $28.

If the price of AXS reaches $23.19, it may be rejected. If this happens, we anticipate that the coin will drop to around $20. This is only a blip on the radar. Even if AXS fails on its first try, we expect it to rise past $23.19.

The Axie Infinity (AXS) price is expected to rise by 50% in the long run as the cryptocurrency stabilizes at around $27.

For investors, this will result in a significant gain. However, it’s important to keep an eye on the potential for a temporary setback below $20 before the price surges past $23.19

How will AXS perform in the future?

The fact that the price of XRP has dropped by more than 90% this year has not gone unnoticed. The coin’s value plummeted from a peak of $200 just months ago.  But, even with this price crash, we think that the long-term prospects for AXS are still strong.

The main reason for this is that AXS is a so-called stablecoin. This means that it’s designed to hold its value better than other cryptocurrencies. This is because each AXS coin is backed by real assets.

We expect the fall to bottom out during the second half of this year. AXS may still reach $100 by 2022, in any case.

Of course, this is all just our opinion. We could be wrong about the future price of AXS. But, if you’re thinking about investing in this cryptocurrency, then this is something that you should keep in mind.

The market for AXS is still quite young and there is lots of potential for growth in the future. If you are thinking about investing, now is a great time to do so!

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James Atkins

I have been writing copy for blockchain-related projects since 2017. I understand the importance of being able to communicate clearly and effectively with both technical and non-technical audiences. By leveraging my understanding of the crypto industry trends, I can help increase adoption in this rapidly evolving landscape.