Axie Infinity Price Prediction as AXS Surges 30% in 7 Days – Here’s Where It’s Headed Next
Axie Infinity Shards (AXS) price predictions have suddenly jumped in wake of the cryptocurrency’s sudden price spike this week. AXS, which functions as the Axie Infinity gaming ecosystems currency was last trading higher by more than 30% in the last seven days, with most of those gains having come on Monday in wake of an update from the Axie Infinity creator team as to their plans to gradually decentralize the game.
AXS/USD was last changing hands around close to $9.0, with the cryptocurrency continuing to eye a push above the $10 level. According to a CoinMarketCap survey of 402 users, the median price prediction for AXS on the final day of 2022 is that it will hit $10, a just over 10% jump from current levels. The mean price prediction is for AXS to end their year worth $10.56 per token.
The fact that AXS has found strong support in the $8.00 support area (a key low from October and the 50-Day Moving Average) will give the bulls confidence that this latest push higher has some legs. For now, the $10 area and the 100DMA at $10.43 seem to be acting as resistance. But if AXS/USD can push higher, the door is open for a swift test of the next key area of resistance at $11.60.
A push to this area could also confirm a breakout from a bearish trend channel that AXS/USD has been locked in for the majority of 2022. If broader conditions in cryptocurrency markets are right (i.e. a Santa rally kicks in) and AXS does confirm the break above its long-term downtrend, a test of its 200DMA around $13.50 could be next.
The co-founder of Axie Infinity who goes by the Twitter handle @Jihoz_Axie commented on the spike in AXS price on Twitter on Monday. He said he was “not sure” what was behind the price jump, but proceeded to outline a few
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