Axie Infinity Coin Forecast – AXS/BTC Signal on the Verge of A Bullish Breakout, As AXS/USD Pushes Higher

The Axie Infinity game has turned out to be one of the fastest-growing computer games out there which also is a play-to-pay game. It offers rewards to players, so it has turned into a source of income for players in Southeast Asia, as coronavirus lockdowns continue to hurt people’s income.

The revenue of the game is heading toward $1 billion, as the popularity of the game grows. I have started playing it myself recently, so the Axie Infinity token has been in great demand since early July, when the crypto market was retreating lower. Even in September when the crypto market has been quite bearish, AXS/USD has been holding well and is up by a little.

AXS/BTC Daily chart Analysis

In fact, Axie has turned bullish again recently and our AXS/BTC signal is progressing quite well. As seen from the daily chart at the top of this article, AXS/BTC retreated lower this month, but it formed a support zone above the $0.0012 level, where it bounced from twice this month.

We decided to buy this crypto pair during the first retreat lower this month and now this signal/trade looks pretty good. The price was facing the resistance area above $0.0017 but it has pushed above it now, so let’s hope that it pushes further up and makes a clear break of this resistance zone.

AXS/USD Daily Chart Analysis

AXS/USD made a break above the 50 daily SMA 

AXS/USD is clearly on a bullish trend. It retreated lower earlier this month, but the bullish trend has resumed again. That’s especially after the break of the 50 SMA (yellow) on the daily chart, which turned into a resistance indicator after working as support before.

Now buyers have pushed above this moving average, so they remain in control while the crypto market continues to retreat lower. Axie Infinity is going to expand further within the industry with financial services such as a decentralized crypto exchange (DEX), a debit card, and crypto lending-borrowing. So, Axie is getting bigger and the demand for the native token will increase further. So, those who are out should get in a buy some Axies.