Axie Infinity (AXS) Set for a Rebound? This Fractal Signals a Potential Upside Move
By: coinsprobe|2025/05/02 18:00:01
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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.
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