- Axie Infinity (AXS) The price seems to have a large opportunity window for a spike.
- The positive news during the weekend showed that the risks in AXS price have decreased.
- If the positive mood continues, a break above the $31 level is highly likely.
The price of Axie Infinity (AXS) is likely to rise 20% on the day after hitting a new high last week. The upside pressure came after the risk of several tails decreased after positive headlines outside Asia over the weekend and on Monday morning.
Alongside the loosening of US relations with China, Putin said it was time to sit down for the war in Ukraine. This creates a double incentive for buyers to consider further increasing price action later this week.
Axie Infinity Price Prepares for Rally
Axie Infinity With the increase in positive news on the front, the bullish sentiment is also increasing. In addition to the news of possible easing of customs duties between the USA and China, the news of peace talks from Putin increased the positive mood. These positive developments can strengthen the upward movement in the markets.
AXS priceIt could move towards $26.11 with at least 20% gains on the radar intraday. A one-day close above this could be perfect for another rise to $30.93, a key line in the sand from July 26, 2021. If the rally is strong enough and the bulls can close at that level, you can test the 55-day Simple Moving Average for a break higher and expect to see a spike towards $40.
The downside risk may come with the fading of the positive mood that triggered the current rally. If Russia abruptly retracts its statement that it does not want to participate in peace talks, a sharp drop to the lows of two weeks ago could be seen. In this case, you can expect AXS price to drop to $19.59 and possibly break towards $16.00.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, KoinFinans and the author of this content cannot be held responsible for personal investment decisions.