Axie Infinity (AXS) Set for a Rebound? This Fractal Signals a Potential Upside Move

By: coinsprobe|2025/05/02 18:00:01
0
Share
copy
Date: Fri, May 02, 2025 | 09:23 AM GMTAfter a shaky start to 2025—highlighted by Ethereum (ETH) crashing 45% in Q1—the crypto market has begun to show signs of life. ETH has rallied nearly 31% from its April 7 low, igniting optimism across the board. And now, that renewed bullish momentum is starting to spill over into key altcoins.Interestingly, one well-known gaming token that hasn’t yet joined the rebound—Axie Infinity (AXS)—might be gearing up for its moment. After a 58% year-to-date drop, AXS has lagged behind. But a compelling fractal pattern is now surfacing, suggesting that a powerful comeback could be just around the corner.Source: CoinmarketcapVIRTUAL and AXS Fractal AnalysisAs shown in the chart, VIRTUAL Protocol (left side) experienced a brutal 68% correction, bottoming out near $0.41 in early April. What followed was a textbook technical reversal: the token flipped its 50-day and 100-day moving averages (MAs) into support and blasted through a key blue resistance zone. That breakout launched VIRTUAL into a remarkable 183% rally, ultimately topping out near $1.70. /* Center the image */ .image-container { text-align: center; margin: 20px 0; } /* Ensure image is large in the post */ .image-container img { width: 100%; max-width: 940px; height: auto; cursor: pointer; /* Change cursor to indicate clickability */ transition: opacity 0.3s; } /* Hover effect to indicate interactivity */ .image-container img:hover { opacity: 0.8; } /* Main image caption */ .image-caption { font-size: 14px; color: #555; margin-top: 5px; } /* Full-view hint caption */ .click-hint { font-size: 14px; color: #007bff; /* Blue color for emphasis */ cursor: pointer; text-decoration: underline; margin-top: 3px; } VIRTUAL and AXS Chart Comparison/Coinsprobe (Source: Tradingview) Now, take a closer look at Axie Infinity (AXS) on the right. The structure is strikingly similar. AXS dropped 54%, hitting a low of $2.09 on April 16. Since then, it has reclaimed the 50-day MA and is now beginning to approach the 100-day MA—a critical technical level that previously acted as resistance for VIRTUAL before its breakout. The alignment of price action, moving averages, and structural breakout potential suggests AXS may be tracing the same path VIRTUAL blazed just weeks earlier.What’s Ahead?If AXS continues to mirror VIRTUAL’s trajectory, the next upside target could be the 100-day MA near $3.50—a gain of roughly 33% from the current price around $2.63. A decisive breakout beyond that resistance, particularly through the shaded blue zone, could unleash a much stronger move.If the fractal plays out fully, AXS could see a surge toward the $5.00 to $5.50 range—a potential upside of over 110%. While there’s no guarantee the pattern will replicate exactly, such fractals often reflect the rhythm of market psychology during transitions from downtrends to bullish reversals.Traders and investors will be watching closely over the coming days to see whether AXS can maintain momentum and break through the 100-day MA—just like VIRTUAL did before its explosive run.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

-- Price

--

You may also like

Morning Report | BitMine increased its holdings by 126,971 ETH last week; trader Eugene announced his exit from the crypto market

Overview of Important Market Events on June 8th

Wang Chuan: How can one not feel anxious after the neighbor Old Wang made thirty times profit by investing in storage stocks? (Seven) - A quarter-century cycle

In-depth analysis of the "reflexivity" bubble trap in storage stocks: Beware of the backlash from the bullwhip effect and the false narrative of high growth; do not let the short-term myth of wealth become a wealth abyss that cannot be recovered for 25 years.

Cryptocurrency CEXs are flocking to sell US stocks, and traditional brokerages are facing an "uninvited guest."

The major reshuffle has just begun.

$75 billion in foreign capital has fled, and South Korean retail investors have absorbed it all using leverage

Despite the accelerated migration of Korean funds from cryptocurrency to the stock market, the Korean market remains an important barometer for global cryptocurrency retail liquidity and recovery turning points.

Japan’s Three Megabanks Plan Joint Stablecoin Issuance in Fiscal 2026

MUFG, SMBC, and Mizuho reportedly plan to jointly issue fiat-pegged stablecoins in fiscal 2026, signaling Japan’s growing push into bank-led digital payment infrastructure.

Humanity Discloses H Token Dual-Chain Attack Details, With Losses on Ethereum and BSC Exceeding $36 Million

Humanity said the H token attack across Ethereum and BSC caused more than $36 million in losses after leaked ProxyAdmin keys enabled malicious contract upgrades and token minting.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com