- Axie Infinity’s price jumped 13% to nearly $1.30 as bulls pushed gains above 30% last week.
- Top gaming ecosystem tokens, including Gala and The Sandbox, continue to lag the broader market.
- AXS could rise to $2.25 if momentum from its four-year low holds.
The Axie Infinity token rallied more than 13% in the past 24 hours following a notable recovery from recent losses that had pushed AXS to lows not seen since 2021.
Renewed investor interest has allowed bulls to bounce off a four-year low, and the technical picture points to a potential continuation of the rally.
Positive sentiment across cryptocurrencies, as several altcoins attempt reversals after prolonged pressure, could give bullish players an advantage.
Axie Infinity outpaces other gaming tokens
Market data in the early hours of January 16, 2025, in the U.S. showed Axie Infinity trading around $1.23. Buying pressure lifted the token to intraday highs of $1.30, close to weekly resistance near $1.35 reached on January 14.
In late December, Axie Infinity fell to $0.78, its lowest level since a drop below $0.73 from January 2021 peaks near $1.18.
This past week the token climbed more than 30%, returning past the $1.00 mark and then pushing higher, reflecting renewed buying momentum.
Looking across the gaming-token ecosystem, CoinMarketCap data show AXS outperforming peers over the last 24 hours and the past week.
Immutable, Gala, Floki, The Sandbox, Decentraland and MultiversX are all struggling. Can Axie Infinity continue to buck the trend?
Axie Infinity price outlook
Although AXS is not yet free of problems after its dramatic fall from a $165 high, the rebound from under $1 could test bears’ resolve.
Positive ecosystem changes, including economic adjustments and planned gameplay enhancements, could combine with broader market sentiment to support further price gains.
For example, Axie Infinity introduced an App Token (bAXS), allowing holders to keep bAXS instead of AXS.
That token can be staked or spent directly within Axie Core. Analysts say the launch of bAXS is a meaningful step for the Axie ecosystem and that its adoption should benefit AXS.
From a technical standpoint, the daily chart shows the relative strength index (RSI) at about 66.
That suggests bulls still have room to extend gains before the asset reaches overbought territory.
Meanwhile, the moving average convergence divergence (MACD) recently printed a bullish crossover and displays a widening histogram.
If key support holds at $1.20, the next resistance levels may appear near $1.50 and $2.25.
Conversely, a break below the psychological support level could embolden sellers and potentially open the door to a fresh multi-year low.