Axie Infinity is a game that allows players to collect, breed, raise, combat, and trade token-based animals known as Axies. It was inspired by famous games like Pokémon and Tamagotchi.
The Axie Infinity game’s governance token is AXS. Token holders will be able to influence and vote on the gaming universe’s direction. This is in contrast to traditional games, in which the game makers make all of the decisions. Holders of AXS tokens will be able to stake their tokens in order to earn more AXS, as well as vote on governance proposals. Last year, the game’s AXS token was one of the best-performing cryptocurrencies. AXS rose from obscurity to become a significant cryptocurrency in 2021, with a price of less than $2. Let us review the AXS price
AXS Price Prediction
Bullish Scenario: If AXS manages to break above the resistance level at $55.08 then it would be bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $72 and $91.08. Breaking above $119.89 price level with significant buying volume will lead to a good chance of making a new ATH and crossing above $159.63.
Bearish Scenario: AXS has been in an downtrend channel since the last few weeks. But If the current support level $43.91 doesn’t hold then it will hit $25.98, $11.16 and below sooner or later.
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