Axie Infinity (AXS) and the highway to $170

Regardless of dealing with extreme draw back stress in latest weeks, Axie Infinity (AXS) is rallying with the bullish continuation anticipated to carry. There are some estimates that counsel AXS will head in the direction of $170 within the close to time period. Though it is a tad too optimistic, the indications seem to again this outlook. Listed below are some notable highlights first:

Axie Infinity (AXS) is consolidating between $90 and $100. On the time of writing, the token was buying and selling at $94.46.

This worth consolidation may set off a bullish rally that may see AXS surge $170, gaining practically 40% within the course of.

Regardless of this, there are nonetheless a number of draw back dangers that buyers ought to issue into the $170 worth calculus.

Information Supply: Tradingview.com 

Axie Infinity (AXS) – Value motion and prediction

AXS has been one of many hottest blockchain gaming tokens previously few months. It has had its wild experience, too so far as worth motion is anxious. After hitting yearly highs of $160 in 2021, we now have seen an ensuing correction section. 

Nevertheless, even with this important bear stress, AXS has nonetheless traded between $90 and $100 over the previous weeks. There may be worth consolidation, one thing that would counsel {that a} bullish breakout will not be far-off.

In actual fact, if the coin can surge previous the overhead resistance of $105, then we might be seeing a protracted uptrend that may simply smash previous $170.

Why you can purchase Axie Infinity (AXS)

General, Axie Infinity (AXS) is without doubt one of the most promising cash in blockchain gaming. This sub-sector is heating up and is anticipated to drive plenty of progress and improvements in blockchain tech. 

Based mostly on these fundamentals alone, AXS is an effective purchase. However one key danger to notice is that elevated competitors from different blockchain video games may see every day energetic customers on the platform decline. That is prone to put important stress on the value.