- Axie Infinity’s price surged 13% to about $1.30 as bullish momentum pushed gains to more than 30% over the past week.
- Top gaming 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 holds.
The Axie Infinity token rose more than 13% in the past 24 hours as a notable recovery followed recent losses that drove AXS to lows not seen since 2021.
Renewed investor interest has allowed bulls to bounce from a four-year low, and the technical picture hints at the potential for further gains.
Broad cryptocurrency sentiment, with several altcoins attempting to reverse course after extended pressure, could reinforce this bullish edge.
Axie Infinity outperforms other gaming tokens
Market data in the U.S. morning hours of January 16, 2025, showed Axie Infinity trading around $1.23. Buying pressure pushed the token up to highs near $1.30, close to the weekly resistance level of about $1.35 reached on January 14.
In late December, Axie Infinity fell to $0.78 — its lowest level since the breakout from $0.73 to highs near $1.18 in January 2021.
The token gained more than 30% over the past week, briefly retreating to around $1.00 before the latest bounce, reflecting renewed buying momentum.
Looking across the gaming token ecosystem, CoinMarketCap data show AXS outperforming peers over the last 24 hours and the week.
Immutable, Gala, Floki, The Sandbox, Decentraland and MultiversX are all facing headwinds. The question is whether Axie Infinity can continue to buck this trend.
Axie Infinity price outlook
Although AXS has not fully recovered from its sharp decline from a peak near $165, the rebound from below $1 could test the bears’ resolve.
Positive developments within the Axie Infinity ecosystem, including economic adjustments and planned gameplay improvements, could combine with broader market tone to support further price appreciation.
One notable update is the launch of the application token bAXS, which allows holders to own bAXS in place of AXS.
bAXS can be staked or spent directly within Axie Core. Analysts view the bAXS rollout as an important step for Axie Infinity, and its adoption could be beneficial for AXS.
Technically, the daily chart shows the Relative Strength Index (RSI) sitting around 66.
That level suggests bulls have room to extend gains before entering overbought territory.
Meanwhile, the moving average convergence divergence (MACD) recently produced a bullish crossover and the histogram has widened.
If key support holds near $1.20, the next hurdles could be around $1.50 and $2.25.
Conversely, a break below the psychological support level would embolden sellers and could open the way to another multiyear low.