Rally

2024

Axie Infinity

Captain

<p>The post <a href="https://coinpedia.org/price-analysis/axie-infinity-axs-breakout-imminent-analysts-see-40-upside-potential/">Axie Infinity (AXS) Breakout Imminent: Analysts See 40% Upside Potential</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>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.</p> 
<p>According to market data provided by DappRadar, Axie Infinity has nearly 44k unique active wallets (UAW) that have transacted over 67k with different smart contracts.&nbsp;</p> 
<p>The Axie Infinity network combines NFTs and token systems to inspire its users to achieve financial freedom. Moreover, the Axie Infinity NFT projects have registered a total trading volume of about $1.81 million in the past 30 days.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-what-to-expect-on-axie-infinity-axs-price-action">What to Expect on Axie Infinity (AXS) Price Action</h2> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/AxieInfinity?src=hash&amp;ref_src=twsrc%5Etfw">#AxieInfinity</a> appears to form an inverse head-and-shoulders pattern on the weekly chart, which anticipates <a href="https://twitter.com/search?q=%24AXS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AXS</a> to rise toward the neckline at $13 before a potential breakout to $22. <a href="https://t.co/99kVKwUrwc">pic.twitter.com/99kVKwUrwc</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1793553063359414554?ref_src=twsrc%5Etfw">May 23, 2024</a>
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<p>According to a popular crypto analyst, Ali Martinez, AXS price against the US dollar on the weekly chart has been forming an inverted head and shoulders (H&amp;S) pattern in preparation for a huge uproar. The crypto analyst expects AXS price to reach at least $22 after consistently closing above the resistance level of around $13.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24AXS&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AXS</a> Major Trendline Breakout &amp; Retest has confirmed on the 8hr timeframe Chart.. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Looks Promising for the +40% Bullish Rally in the near term. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/AXS?src=hash&amp;ref_src=twsrc%5Etfw">#AXS</a> <a href="https://twitter.com/hashtag/AXSUSDT?src=hash&amp;ref_src=twsrc%5Etfw">#AXSUSDT</a> <a href="https://t.co/VrxIndGIDc">pic.twitter.com/VrxIndGIDc</a></p>— Captain Faibik (@CryptoFaibik) <a href="https://twitter.com/CryptoFaibik/status/1793546635143991599?ref_src=twsrc%5Etfw">May 23, 2024</a>
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<p>A popular crypto analyst, Captain Faibik, has outlined a similar bullish outlook for AXS. According to Captain Faibik, the AXS price against the US dollar has broken out of a major falling logarithmic trend on the 8-hour time frame and is currently completing the retest.&nbsp;</p> 
<p>As a result, the crypto analyst expects AXS price against the US dollar to rally at least 40 percent in the near term.</p>

Axie Infinity (AXS) Breakout Imminent: Analysts See 40% Upside Potential

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