Axie Infinity (AXS) Poised For Surge: Analyst Eyes $45-$75 Range

Axie Infinity (AXS) has been going through an incredible journey that has caught investors’ and even analysts’ attention with its amazing surge in value. Within just seven days, AXS has constantly been moving upwards by 17.8%, which is quite impressive. This steadily rising trend shows the great potential behind the recent exhibitions of Axie Infinity, hence offering an excellent opportunity to those wishing to trade in the market.

Over the past month, Axie Infinity’s ascent has become­s more pronounced, with its price soaring by 23.18%. This significant incre­ase highlights the growing confidence­ and interest in the platform and its pote­ntial for further growth. Axie Infinity’s resilience­ is evident.

At the time of writing, Axie Infinity currently trades at $8.31 with a trading volume worth $141.96 million in 24 hours, marking its market cap at $689.88 million. Significantly, within just one day alone this time round, AXS has experienced an increase in its price by a margin of 9.04%, which shows that the buying pressure still exists.

Analyst Predicts AXS Breakout: Targets $45-$75 Price Range

Crypto analyst CryptoBulle­t shared an insightful analysis of AXS’s price trajectory, focusing on the­ one-week chart. CryptoBulle­t optimistically points out a prominent pattern eme­rging – a sizable Head & Shoulders formation.

It is intriguing to note that the­ analyst interprets this trend as an accumulation period rather than a mere technical formation that may be indicative of some modest buying interest beneath the surface, and, in particular, this pattern gets more pronounced below $13.

This is what underpins CryptoBullet’s bold contention: the analyst is very confident that AXS will break out of this Accumulation stage. Though the timing may not be clear, CryptoBullet has enough confidence to predict the breakout could happen sometime later this year. This demonstrates his conviction in AXS’s potential and his strong belief in cryptocurrency.

When painting a vision for the future of AXS, the analyst describes a target zone which falls between $45 to $75. For AXS, this prediction shows bullish expectations because it indicates that there will be significant upwards movement after the accumulation phase is over. The viewpoint of the analyst is important since it has a basis in technical analysis and a sound understanding of market dynamics.