- Axie Infinity’s AXS token trades in a descending triangle pattern on Binance.
- Analyst Ali Martinez forecasts a potential 20% price move once the consolidation phase ends.
- Key support lies near $1.48, with resistance forming along a descending trendline.
Axie Infinity’s AXS token is trading inside a descending triangle, hinting at a possible 20% price move ahead, according to crypto analyst Ali Martinez.
The token is currently priced at $1.44 after dropping 3.4% in the past 24 hours. Over the past year, AXS has struggled, falling 31% in the past month and 80% over the past year.
Related: Gaming Tokens Rebound 28% to $5.71B as SAND, APE, and AXS Lead Bull Surge
AXS Trades in Tight Range Near Support
Martinez’s chart shows the AXS/USDT pair moving within a narrowing range since mid-October. The token has been forming lower highs while holding steady support around $1.48. Martinez commented on X: “Axie Infinity AXS is consolidating in a triangle, signaling a potential 20% price move ahead.”
A breakout above the triangle’s upper trendline could spark a bullish reversal, while a drop below $1.48 may confirm a bearish continuation. Because AXS has been consolidating for a long time, either direction is possible depending on upcoming market events.
Technical Setup Suggests Decisive Move Ahead
Recent trading volumes have been low, reflecting trader uncertainty. In the past day, volume fell another 0.6% to $333.18 million.
If AXS breaks below $1.48, the next support could be near $1.38, a roughly 20% drop. On the upside, clearing resistance at $1.56 and closing above $1.60 could push the token toward $1.80, also a 20% move.
A crypto analyst noted that Axie Infinity remains focused on rebuilding the GameFi ecosystem, which could support price gains. Despite lower play-to-earn activity since 2021, the project continues refining tokenomics, expanding Axie Homeland, and growing its builder program to attract developers.
Axie Infinity Fundamental Update: New ‘Axie Score’ Enhances Governance
Axie Infinity recently upgraded its Axie Score system to improve community participation and governance. The new system tracks player contributions via gameplay, NFT ownership, and community activity, adding badges for active involvement.
Related: Axie Infinity and Chainlink Highlight Altcoin Profitability Divide
By tying governance power to user activity rather than token holdings, the update strengthens the AXS token’s role in ecosystem decision-making. This could boost demand as players seek more influence, staking rewards, and access to future in-game incentives.
