Axie Infinity (AXS) has been trading between $72 and $44 for the past few days. The buyers pushed the price above the overhead resistance on March 25 but could not sustain the higher levels. This indicates that the bears are defending the level with vigor. The moving averages have completed a bullish crossover and the RSI is in the positive territory, suggesting an advantage to buyers. If the price turns up from the current level or rebounds off the 20-day EMA of $56, the bulls will again try to thrust the AXS/USDT pair above $72. If they manage to do that, the up-move may pick up momentum and the pair may rally to $100. This positive view will invalidate if the price continues lower and breaks below the 20-day EMA. That could keep the pair range-bound for a few more days. The 4-hour chart shows that the bulls pushed the price above the overhead resistance at $72 but could not sustain the higher levels. This may have attracted profit-booking by the short-term traders which pulled the price below the 20-EMA. If the price turns up from the current level and breaks above $68, it will suggest accumulation on dips. The buyers will then try to clear the obstacle at $72 and start a new up-move. Contrary to this assumption, if the price sustains below the 20-EMA, the correction could extend to the 50-simple moving average.
Those who are following the blockchain gaming sector must have read in various crypto news outlets that at the beginning of May, the Axie Infinity network had successfully migrated to the Ronin sidechain that resides on the Ethereum blockchain. It had been created exclusively for this blockchain game to solve the issues of scalability and multi-degree connections so that more people could join this small metaverse and breed virtual creatures. The move to the Ronin sidechain created the necessary conditions for performing ultra-quick transactions that are confirmed instantaneously by the network. In addition, it helped to resolve the issue of ungodly high gas fees that are still plaguing the Ethereum network. Lastly, the migration to that sidechain would eventually allow players to withdraw virtual assets in the form of non-fungible tokens (NFTs) to third-party platforms like OpenSea, where they could be traded for other NFTs or sold for cryptocurrencies, presumably ETH.
Over the past three weeks, AXS has been inarguably the hottest altcoin across the entire cryptocurrency market. After it had found the bottom around the $4 mark, the gaming token has been pumping like crazy as it gained over 500%, which resulted in the market capitalization boost to $1.4 billion, as of the time of writing. Right now, the price of AXS hovers around the $22 area, and it still remains to be seen whether this price point would be the peak of the monstrous rally. Just check out this beauty of the price chart below: three huge weekly candles painted green left all market participants in total awe as the price kept disregarding all resistance points, going through them like a locomotive without breaks.
* Crypto Rating accepts no liability for content of the Axie Infinity reviews made by the site users. The entire responsibility for the contents rests with the authors.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 94.8% | 4 | $26 346.66 | 0.59% | -1.73% | $513 656 016 235 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 89.6% | 6 | $1 592.40 | 0.82% | -2.85% | $191 454 189 109 |  |
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| 3 |  USDT |
Tether predictions | 94% | 1 | $0.999933 | -0.01% | -0.03% | $83 202 317 322 |  |
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| 4 |  BNB |
Binance Coin predictions | 92.4% | 4 | $211.30 | 1.21% | -2.51% | $32 508 023 543 |  |
|
| 5 |  XRP |
XRP predictions | 91.2% | 8 | $0.505442 | 0.68% | -1.15% | $26 912 401 662 |  |
|
| 6 |  USDC |
USD Coin predictions | 95.6% | 1 | $1.000084 | 0% | 0% | $25 663 582 993 |  |
|
| 7 |  STETH |
Lido stETH predictions | 94% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 8 |  ADA |
Cardano predictions | 92% | 7 | $0.246841 | 0.96% | -2.84% | $8 669 738 490 |  |
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| 9 |  DOGE |
Dogecoin predictions | 90.8% | 6 | $0.061034 | 0.09% | -1.80% | $8 615 547 524 |  |
|
| 10 |  WTRX |
Wrapped TRON predictions | 86.4% | 17 | $0.083387 | -0.38% | 0.80% | $8 478 470 341 |  |
|
| 11 |  SOL |
Solana predictions | 84.8% | 23 | $19.49 | 0.08% | -1.95% | $8 043 301 053 |  |
|
| 12 |  TRX |
TRON predictions | 83.2% | 20 | $0.084716 | 0.81% | 0.44% | $7 549 504 083 |  |
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| 13 |  TON |
Toncoin predictions | 59.2% | 80 | $2.15 | -2.31% | -11.41% | $7 388 965 662 |  |
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| 14 |  DAI |
Dai predictions | 94% | 1 | $1.000435 | 0.05% | 0.02% | $5 350 213 017 |  |
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| 15 |  DOT |
Polkadot predictions | 82.8% | 23 | $4.07 | 1.62% | -0.92% | $5 000 067 072 |  |
