Axie Infinity price has been on a tear since September 29, when it made its low at the bottom of a critical reversal pattern. The cryptocurrency’s value is likely to retrace before attempting another all-time high. But, there are still opportunities for investors who don’t want to miss out. Read along for our Axie Infinity Price Prediction for October 2021
Technical Analysis
As Axie Infinity price formed a head-and-shoulders pattern in late September, some traders predicted it could reach up to $90. However, the bull rally pushed our altcoin prices higher, and as of now, they stand at about 153 USD per coin.
The run-up in Axie Infinity price constitutes a 117% ascent from the neckline and 107% advance from October 1 lows. While it could still head towards $157, we see strong resistance at our current levels of 361.8%. The next time this cryptocurrency reaches such heights would be if traders set up new all-time highs.
The AXS token has been on a steady rise, but it seems to have reached its peak. The upward climb may be coming down soon. And it could mean big things for investors who bought in early. There’s potential profit waiting. If you’re willing to take risks with your money, keep an eye out at support levels like $143 or 261% extension level at 119 $59, where we might see some more movement following rebounding prices from recent lows.
Ultimately, the Axie Infinity price will turn south if holders rush to exit. A decisive close below $106 would create a lower high and invalidate this bull market’s thesis in progress.
Axie Infinity Price Prediction for October
As of 2021, on October 07, Thursday, we can see that the price for Axie Infinity is $126.511. So far, the price has been on an uptrend over this past year. We believe similar market segments were viral during these times, too, so there will likely be more demand as we advance.
Axie Infinity’s price increased by 82.40% in the past seven days and is up 3.30% just 24 hours ago! In that same timeframe, it decreased 076%, 1839 USD per Axs token. The recent surge could indicate a breakout from an upward sloping trend line. October has begun on a high note, and the push might sustain the momentum. The sustenance would see the AXS price trade at around $148 to $160