- Axie Infinity’s price rose 13% to near $1.30 as bulls expanded their gains to more than 30% over the past week.
- Top tokens in the gaming ecosystem, including Gala and The Sandbox, continue to lag the broader market.
- AXS could climb to $2.25 if momentum from the four-year low persists.
The Axie Infinity token has gained more than 13% in the last 24 hours as recent losses significantly recovered after pushing AXS to 2021 low levels.
Renewed investor interest has allowed bulls to bounce from a four-year low, and the technical picture points to a possible continuation of upside potential.
Overall sentiment in the crypto sector — with several altcoins attempting reversals after extended selling pressure — could strengthen the bulls’ advantage.
Axie Infinity outperforms other gaming tokens
Market data in the early US session on January 16, 2025 showed Axie Infinity trading around $1.23. Buying pressure pushed the token to highs of $1.30, not far from the weekly resistance around $1.35 reached on January 14.
In late December, Axie Infinity fell to $0.78, the lowest level since a $0.73 trough before its surge to $1.18 in January 2021.
The token rose more than 30% over the past week, reclaiming the $1.00 level before another leg higher signaled renewed buying momentum.
Looking across gaming tokens, CoinMarketCap data shows AXS outpaced its peers over the past 24 hours and the week.
Immutable, Gala, Floki, The Sandbox, Decentraland and MultiversX are all struggling. Can Axie Infinity keep bucking the trend?
Axie Infinity price outlook
Although AXS has a long way to go after its steep decline from a $165 peak, the rebound from below $1.00 could test the bears’ resolve.
Positive developments within the Axie Infinity ecosystem — including economic adjustments and upcoming gameplay improvements — could combine with broader market sentiment to fuel further upside.
For example, Axie Infinity introduced an app token (bAXS), allowing holders to hold bAXS instead of AXS.
That token can be staked or used directly in Axie Core. Analysts say the launch of bAXS is a major step for Axie Infinity and could benefit AXS adoption.
From a technical perspective, the daily chart shows the Relative Strength Index (RSI) at 66.
That indicates bulls still have room to extend gains before entering overbought territory.
Meanwhile, the Moving Average Convergence Divergence (MACD) recently printed a bullish crossover and shows an expanding histogram.
If key support around $1.20 holds, the next hurdles could be near $1.50 and $2.25.
On the downside, a break below the psychological support level would encourage sellers and could open the door to another multi-year low.