AXS crypto has been trending as the cryptocurrency reaches towards higher highs. Axie Infinity has been the best performing cryptocurrency in the top hundred for more than a week now. But is the bullish momentum of the cryptocurrency to end soon or will it continue to the moon?
At the time of writing, AXS crypto stands at a price level of $39.85. The price of the cryptocurrency has fallen by 5% in the past twenty-four hours while the weekly gain is at a staggering 142%. The daily trading volume has also fallen by 55%. Axie Infinity is the forty-third largest cryptocurrency in the market.
AXS crypto technical analysis
The market outlook for AXS crypto is bullish. Fourteen of the total twenty-six technical indicators are giving out an indication of buy. Seven of the rest are standing at a neutral position while five are at a sell position. The oscillators are suggesting a sell while the moving averages are bullish.
A trader’s analysis shows that AXS crypto has started its downward trajectory. Market corrections are almost a certain after a price rally and Axie Infinity appears to be under corrections. The cryptocurrency is started off downhill although the it has yet to be confirmed. Various supporting price levels have also been identified. The short-term price targets for Axie Infinity lies at $32 followed by $28.
Axie Infinity long-term outlook
Although the short-term sentiment is marked by market corrections, AXS crypto’s long-term projections are bullish. The current performance of the cryptocurrency indicates good growth potential. Wallet Investor estimates the cryptocurrency to be operating at a price level of $60 in a year’s time. The price of the cryptocurrency is expected to climb upwards with a prediction of $142 by 2026. Digital Coin Price is also bullish on the cryptocurrency. Per their estimates, the cryptocurrency is expected to reach towards $287 by 2028.