YTD, Axie Infinity’s AXS currency has fallen 81% from its initial price is $93.30 on January 1 to $17.29 at the time of this writing.
After a $625 million hacking incident in March 2022, the currency dropped by 54% in April, and the organisation faced various challenges. It was only in early May that the AXS price saw some reprieve, with a 10 per cent increase in price after the debut of its SLP token burn tool.
After hitting an all-time peak of $165.37 in October 2021, AXS was trading over 90% below the level now of publication.
As a result, ASX’s future depends not just on its reliance on a single game but on the game’s principles. Is Axie capable of surpassing its all-time high, given the recent rollercoaster ride? Looking forward to 2022 and beyond, here is the AXS cryptocurrency price forecast.
Future Price Prediction Of Axie Infinity (AXS) In 2022
A descending channel is established when two downward trendlines are drawn above and below a current price level. A falling channel or a channel down is other names for the descending channel pattern. The trendline is defined as a line that runs parallel to the highs of the chart. Look for short possibilities whenever the price is near the higher trend line, while ambitious traders might trade long and short both at trend lines in search of a rebound or retreat.
Alternatively, you might wait for prices to break through one of the trendlines before entering the trade. It is possible to determine if a price trend will continue by looking at descending bands, like ascending channels.
AXS (Axie Infinity) is now trading at $15.84. The price of AXS may approach resistance levels of $17.45, $24.47 and $28.30 if the trend continues. A drop below $12.50 is possible if the trend changes.
Infinity (AXS) Value Prediction For 2022 – RVOL, MA And RSI
The following graph displays the RVOL (Relative Volume) for Axie Infinity (AXS). If the past trading volume has decreased or increased over time, this indicates how traders’ present trading volume has changed. The RVOL for AXS is now below its cutoff line, suggesting weaker participation in the recent trend. Additionally, the Axie Infinity (AXS) Moving Average (MA) is represented in the preceding chart. AXS currently has a pessimistic outlook. The AXS price is now below the 50 MA (short-term) and is thus downtrend. At any point, AXS’s downward trend might be reversed.
The AXS’s relative power index (RSI) is now at 49.40. As a result, AXS is nearing oversold conditions. On the other hand, this encourages traders to engage in risk-free trading.
Axie Infinity’s ongoing development means that 2022 will be a strong year for AXS. With these factors at play, the optimistic AXS price forecast for 2022 is $168.20 per share. However, the pessimistic Axie Infinite (AXS) price forecast in 2022 is $6.10.
Axie Infinity (AXS) is expected to soon break the record (ATH) of $164.90 because of the ongoing developments and updates to the Axie Infinity ecosystem. However, if investors feel that AXS is an intelligent investment in 2022, it may rise to $200.