Axie Infinity’s token, $AXS, is on the brink of a potential bullish reversal, according to analyst insights. The formation of bullish divergence, paired with key support levels, creates favorable conditions for growth.
Formation of Bullish Divergence
A **confirmed regular bullish divergence** has formed on the charts, often indicating the end of a downtrend. This phenomenon gains significance when breakouts hold above key support zones.
Price Growth Predictions for $AXS
Currently, AXS is trading well below its previous highs. However, analysts predict that the token could rally over **300%**, potentially reaching the **$12+** range in the coming months. This target is viewed as ‘modest,’ with further gains possible depending on market conditions.
Importance for Crypto Traders
The Axie Infinity project was once at the forefront of the play-to-earn movement. While its user base has shrunk, renewed interest in **$AXS** could attract attention to blockchain gaming as a whole. The current setup provides traders with potential early trend-catching opportunities, although risk management is crucial.
Overall, various technical indicators and forecasts suggest that Axie Infinity may enter a new positive cycle, potentially giving the $AXS market a new impetus.
