• Final week, Axie Infinity’s value rose 13% to almost $1.30 as bulls prolonged the rally to greater than 30%.
• High gaming ecosystem tokens, together with Gala and The Sandbox, proceed to lag the broader market.
• If the momentum from the four-year low continues, AXS value might rise to $2.25.

The Axie Infinity token has rallied over 13% previously 24 hours, in a exceptional restoration from latest losses that pushed AXS to lows final seen in 2021.

Renewed investor curiosity has helped bulls get better from four-year lows, and technical circumstances level to a possible continuation of the upside.

Total crypto sentiment might enhance the bulls’ benefit as a number of altcoins try a reversal after extended stress.

Axie Infinity outperforms different gaming tokens

In line with early morning market information within the US on January 16, 2025, Axie Infinity’s value is hovering round $1.23. Nonetheless, resulting from shopping for stress, the token is buying and selling as excessive as $1.30, not removed from the weekly resistance reached on January 14th at round $1.35.

In late December, Axie Infinity fell to $0.78, its lowest value since January 2021, when it hit highs of $0.73 to $1.18.

The token has soared greater than 30% over the previous week, returning to the $1.00 stage earlier than rebounding once more to replicate new shopping for momentum.

Wanting on the gaming token ecosystem, information from CoinMarketCap exhibits that AXS has outperformed its opponents over the previous 24 hours and week.

Immutable, Gala, Floki, The Sandbox, Decentraland, and MultiversX are all struggling. Can Axie Infinity proceed to buck this development?

Axie Infinity value prediction

AXS isn’t fully out of the woods after a extreme drawdown since peaking at $165, however a bounce again from under $1 might check the bears’ resolve.

Constructive developments throughout the Axie Infinity ecosystem, similar to financial changes and upcoming gameplay enhancements, might mix with total market sentiment to drive value appreciation.

For instance, Axie Infinity launched App Token (bAXS). Which means the proprietor can maintain bAXS as an alternative of AXS.

This token may be staked or used straight on Axie Core. Analysts say the launch of bAXS is an enormous step for Axie Infinity and the implementation will profit AXS.

From a technical viewpoint, the relative energy index (RSI) on the day by day chart is 66.

This means that bulls have room to increase their good points earlier than coming into overbought territory.

Alternatively, the Transferring Common Convergence Divergence (MACD) lately marked a bullish crossover and is characterised by an increasing histogram.

If the foremost help holds at $1.20, the following hurdles may very well be round $1.50 and $2.25.

On the draw back, a break under the psychological help stage might encourage sellers and push costs additional to multi-year lows.