- Axie Infinity price jumped 13% to nearly $1.30 as bulls extended gains to more than 30% this week.
- Top gaming-ecosystem tokens, including Gala and The Sandbox, continue to lag the broader market.
- AXS could climb toward $2.25 if momentum from the four-year low persists.
The Axie Infinity token has rallied more than 13% over the past 24 hours amid a notable recovery from recent losses that pushed AXS to price levels last seen in 2021.
Renewed investor interest has supported a move up from a four-year low, and the technical picture points to potential upside if buying pressure continues.
Improving sentiment across crypto, with several altcoins attempting reversals after prolonged selling, may also work in the bulls’ favor.
Axie Infinity outperforms other gaming tokens
Market data early in the U.S. session on January 16, 2025, showed Axie Infinity trading around $1.23. Buying pressure drove the token to highs near $1.30, not far from the weekly resistance area around $1.35 touched on January 14.
In late December, Axie Infinity fell to $0.78, its lowest level since the drop from $0.73 before the run-up to $1.18 in January 2021.
The token has gained more than 30% over the past week, reclaiming the $1.00 level before the most recent leg higher, reflecting renewed momentum from buyers.
A look across the gaming-token ecosystem using CoinMarketCap data shows AXS outperforming peers over the past 24 hours and the week.
Immutable, Gala, Floki, The Sandbox, Decentraland and MultiversX have lagged in the same period. The question is whether Axie Infinity can sustain and extend this leadership.
Axie Infinity price outlook
Although AXS remains far below its all-time highs near $165, the rebound from sub-$1 levels could test the resolve of sellers and set the stage for a larger recovery if momentum holds.
Positive developments within the Axie Infinity ecosystem — including economic adjustments and upcoming game enhancements — could combine with broader market strength to support further upside.
One notable development is the introduction of an App Token, bAXS, which allows holders to maintain bAXS rather than AXS.
Holders can stake bAXS or use it directly within Axie Core. Analysts say the bAXS launch is an important step for Axie Infinity and that broader adoption of the token should ultimately benefit AXS.
From a technical perspective, the daily Relative Strength Index (RSI) sits near 66.
That suggests bulls have additional room to push gains before the market enters overbought territory.
Meanwhile, the Moving Average Convergence Divergence (MACD) recently produced a bullish crossover and its histogram is expanding, supporting the short-term uptrend.
If key support near $1.20 holds, the next resistance levels to watch are roughly $1.50 and $2.25.
On the downside, a break below the psychological support area could embolden sellers and potentially open the door to a new multi-year low.