Rally

Axie Infinity

The post <a href="https://coinpedia.org/price-analysis/a-bullish-fightback-teases-35-hike-in-axs-price-next-month/" rel="noopener noreferrer nofollow">A Bullish Fightback Teases 35% Hike In AXS Price Next Month!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Surpassing the 200D EMA, the AXS price has recovered 62% in the last 40 days as it launches from the $4 mark. The bull run even exceeds the $7 mark and continues to gain trend momentum as the market recovers.
Moreover, there is a rising number of users on the Axie Infinity platform, fueling the bullish trend in the AXS token. The growing user base marks a 31% jump in the last 30 days, as per Dappradar, pumping the 30D Volume to $51.64M by 115%.&nbsp;The impressive 30D growth is in line with the <a href="https://coinpedia.org/price-prediction/axie-infinity-axs-price-prediction/" rel="noopener noreferrer nofollow">AXS price prediction </a>that keeps a bullish approach.
<figure class="wp-block-image size-full"><img decoding="async" width="999" height="298" src="https://image.coinpedia.org/wp-content/uploads/2023/11/27135536/image-121.png" alt="" class="wp-image-249053" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/27135536/image-121.png 999w, https://image.coinpedia.org/wp-content/uploads/2023/11/27135536/image-121-300x89.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/27135536/image-121-768x229.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/27135536/image-121-150x45.png 150w" sizes="(max-width: 999px) 100vw, 999px">
</figure>
Moving to the technical price chart, the AXS price trend maintains a positive trend with a reversal from $4. The uptrend undermines the prolonging bear phase and exceeds the 200D EMA and increases the Golden crossover chances.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="480" src="https://image.coinpedia.org/wp-content/uploads/2023/11/27135537/AXSUSD_2023-11-27_12-39-40-1024x480.png" alt="" class="wp-image-249052" srcset="https://image.coinpedia.org/wp-content/uploads/2023/11/27135537/AXSUSD_2023-11-27_12-39-40-1024x480.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/11/27135537/AXSUSD_2023-11-27_12-39-40-300x141.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/11/27135537/AXSUSD_2023-11-27_12-39-40-768x360.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/11/27135537/AXSUSD_2023-11-27_12-39-40-1536x720.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/11/27135537/AXSUSD_2023-11-27_12-39-40-150x70.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/11/27135537/AXSUSD_2023-11-27_12-39-40.png 1825w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source- <a href="https://www.tradingview.com/x/MqJqBjGJ/" rel="noopener noreferrer nofollow">Tradingview</a>
Moreover, the $7 breakout signals a rounding bottom breakout and marks a trend reversal journey. The 4-day streak of bullish candles leading to the $7 break finds the support of increasing trading volume, cementing the breakout credibility.&nbsp;
Currently, the AXS price trades at $7.05 with an intraday growth of 5.26% forming a bullish candle. However, the long wick questions the possibility of a downtrend.&nbsp;
Technical indicators: 
EMA: With a bullish turnaround in the Axie Infinity token price, the 200D and 50D EMA tease a golden crossover. Following the crossover, the sentiments will improve significantly and result in a longer uptrend.&nbsp;
MACD Indicator: As the buying pressure grows, the MACD and signal lines give a positive crossover and support the breakout rally.&nbsp;
<h2 class="wp-block-heading" id="h-will-axs-price-breakout-rally-reach-9-50">Will AXS Price Breakout Rally Reach $9.50?</h2>
As the market recovery takes a breather, the next bull wave can fuel the AXS breakout rally. Moreover, the rising number of users over Axie Infinity signals a solid signal of recovery to tease a bull run.&nbsp;
Therefore, the growing positive sentiments and the rounding bottom breakout rally can boost the AXS price for a 35% jump to the $9.5 mark. Conversely, a fall below the $7 mark can retest the 200D EMA at $6.

A Bullish Fightback Teases 35% Hike In AXS Price Next Month!

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