Axie Infinity Forecast – After a massive crash, is the upswing now?

Axie Infinity price has formed a double top formation after successfully breaking the inscribed trend line and hitting the first target of $63.81. This double top formation led to a direct crash to the $63.81 support. However, this support failed and subsequently the price dropped to the next support at $43.96. This support also served as support before the breakout, which is why we do not expect prices to fall much further. Instead, we assume that the price will rise in the near future.

With Axie Infinity price reaching the $43.96 support, we are now expecting a bounce. This upleg could last until the next resistance located at $63.81. Axie infinity price has also formed a double bottom formation, having already found support twice at the $43.96 support. Since this is a trend reversal pattern, as well as a double top pattern, we have increased belief that the price will rise.

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