Axie Infinity Price Prediction: 2024, 2025, 2030

AXS price prediction: Key highlights

1. Primary support and resistance levels

• $3.2 can be anticipated as the lowest support on the weekly chart. 
• Meanwhile, the highest resistance level was noted at $11.0.

2. Market sentiment

• The dominant market sentiment is bearish as of September 2024.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, the average price of AXS is projected to exceed $14 in 2030, with a future increase to more than $22 in 2035.

Stay updated on AXS’ prospects via a comprehensive weekly technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

AXS technical analysis: Sellers erase token’s yearly gains

The Axie Infinity price prediction for 2024 reflects the token's performance over the past year, marked by significant price movements and fluctuations in investor sentiment. The analysis commenced with the gaming token's decline to its lowest support at $4.2 by mid-September. This level successfully held off further valuation loss.

In mid-October, the bulls regrouped and rallied again. Riding on this momentum, AXS moved past $6.9 by December. The uptrend propelled the altcoin to test the highest resistance within the analyzed time frame at $11.0. This was met with a retracement that drove the asset to $6.9 in the new year.

The level proved to be a cushion for the price, laying the groundwork for another rally in February. Subsequent pumps pushed the price over the peak resistance in March. Yet, this momentum wasn't sustained.

Consequently, the price retraced its steps below this level. A substantial drop in early April led the token to shed most of its gains, returning to $6.9. After that, it consolidated between this level and the resistance at $7.9. 

A bearish breakdown in mid-June steered the market’s future toward more losses. Subsequent attempts to recover faltered under the continued downtrend. By August, AXS returned to the yearly low floor.

In mid-month, the price recovered to challenge $5.3. However, the bearish stronghold prompted another rejection. At press time, AXS traded at $4.4,  inching closer to $4.2.

How high/low can AXS go in 2024?

The lowest support represents a critical juncture for AXS. If the selling pressure intensifies, the price is at a high risk of falling through. This would fuel further sell-offs, with the price finding its next stop at $3.2.

From a bullish perspective, a concerted effort would be necessary to overcome the barrier at $5.3. This would clear the path for the token to claim a position over $6.9. Sustained buying momentum can put $7.9 as the next significant barrier to overcome.

Given the uncertainties, our predictive models are not optimistic about the asset's future outlook. Within the next six years, the asset's average price is expected to climb over $14, with a potential surge to an impressive $22 in 2035. These forecasts highlight a modest growth path for the asset.

AXS' 2024 roadmap: Key indicators to watch and trade

• The Relative Strength Index (RSI) crossed the 50 line in early November and briefly entered overbought territory in March.
• This was followed by a continuous decline that pushed the indicator below 50 by early April. It registered at 38.09 at press time, highlighting the market’s bearish bias.
• The trading volume recovered in late October, aligning with a price rally. Subsequent drops were noted as the price was rejected. 
• As the token surpassed the peak chart resistance, trading volume spiked but declined again with the price, suggesting investor caution.
• The 50-week Exponential Moving Average (EMA) maintained its position as a dominant resistance. Meanwhile, the 20 EMA was flipped in late October only to be reinstated as resistance by April.
• The candles moved over the 50 EMA briefly between mid-December and early January and between late February and early April before dropping again, validating the sustainability of the downtrend.