Price Analysis

$15 Breakout Opens The Path For 27% rally; Buy AXS now?

With the price jump of X%, the AXS prices reclaim the $15 mark and show potential to reach the overhead resistance of $20.
Published by
$15 Breakout Opens The Path For 27% rally; Buy AXS now?

The Axie infinity (AXS) price action displays a bull cycle gaining momentum within the consolidation range that shows potential to reach the $20 mark. However, the volatile market conditions question the bullish trend continuation and project the possibility of an early bearish reversal. So, should you consider going bullish by neglecting the overall market trend?

Advertisement

Key points Of AXS Analysis: 

  • The AXS price breakout from $15 resistance may surge price to $20
  • Reversal from the $15.27 or $17 may retest the bottom support of $12.77.
  • The intraday trading volume in Axie infinity (AXS) coin is $167.2 Million, indicating an 81.26% gain.

Source- Tradingview

In the daily chart, Axie Infinity (AXS) displays the long consolidation range between $12.77 and the overhead resistance of $20. Furthermore, the recent bear cycle within the consolidation range coincided with the sell-off in the crypto market resulting in a price drop to $12.77.

The AXS prices display a bull cycle regaining momentum as it exceeds the 20-day EMA and reclaims the $15 mark. 

Currently, the price action displays a bullish engulfing candle challenging the $15.27 resistance level with growth of 8%.  Thus, the Short-term buyers can expect the bullish breakout of $15.27 to reach the next horizontal milestone at $17. 

However, the regaining bullish momentum with a boom in the intraday trading volume shows the potential to jump to $20.

Nonetheless, a sudden increase in the selling pressure at $15.27 or $17 can result in an early bearish reversal which may retest the bottom support level of $12.77. 

Advertisement

Technical indicator

The DMI Indicator shows the DI lines overcoming the bearish gap to give a bullish crossover reflecting an increase in the underlying bullishness.

Moreover, the RSI slope spikes above the 14-day SMA to challenge the halfway line reflecting a boom in the underlying bullish sentiments. 

  • Resistance levels- $15.27 and $17
  • Support levels- $12.77 and $10
Advertisement

Share
Brian Bollinger

From the past 5 years I am working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. Reach out to me at brian (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?

Floki price has drawn strong attention after recording a bullish daily surge of over 30%.…

October 4, 2025
  • Price Analysis

BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?

BNB Coin price has entered a powerful phase after breaking through a major resistance level…

October 4, 2025
  • Price Analysis

Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B

Aster price has recently shown strong signals on the chart, with a breakout from its…

October 3, 2025
  • Price Analysis

Will XRP Price Hit $5 if the SEC Approves ETFs This Month?

XRP price could be on the cusp of a big move in the coming weeks…

October 3, 2025
  • Price Analysis

Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?

Bitcoin price has recently surged to the $120K mark, reclaiming momentum and sparking fresh optimism…

October 3, 2025
  • Price Analysis

Pi Network Price at Risk of Another Crash as Mysterious Whale Stops Buying

Pi Network price has crashed by over 90% from its highest level since its mainnet…

October 2, 2025