Axie Infinity Can Recoup Its 6-Month Loss And Rise 25%, But It Must First Do This

Axie Infinity (AXS) finally managed to break away from its downward momentum that’s been going on for the last six months. According to latest data from Coingecko, the crypto asset peaked at $11.29 today before entering a minor price correction that made it decline by more than 7% over a 24-hour period. AXS is in recovery after tremendous selling pressure crippled it in late October Axie Infinity is targeting a 23% jump to surpass the $13 marker AXS needs to close today’s session staying above $10.3 for it remain bullish At the time of this writing, AXS was trading at $10.47 and has gone up by 12.7% and 16.1% during the last seven and 14 days, respectively. Although it is still down by almost 18% for the past month, the altcoin is showing signs of a bullish rally that could make it breach the $13 marker. A Clear Path For Axie Infinity Recovery During the last few days, the cryptocurrency’s price movement was caught in a double bottom pattern that established $8.5 zone as base support region. Related Reading: Dogecoin (DOGE) Price Seen Sliding 15% In Coming Days – Here’s Why Source: TradingView Following the recent rally of the crypto market, Axie Infinity managed to bounce back from that crucial zone and surpassed the $10.3 marker with its 24.5% surge. This kind of performance enabled AXS to turn the tides in its favor, getting out of its bearish cycle and is now looking to make a decisive push with the aim of increasing its s...