Axie Infinity price hits new all-time high above $150

The Axie Infinity token is apt to proceed higher aft reaching its highest terms level of $154.63

The terms of Axie Infinity's AXS, an progressively fashionable gaming token, has surged to a caller all-time precocious of $154.63 aft a stellar 24-hour performance.

As of writing, the AXS token is trading astir $149 aft immoderate profit-taking deals. However, CoinGecko information shows that the cryptocurrency is inactive up by much than 37% successful the past 24 hours and implicit 134% successful the past week.

Axie Infinity terms outlook

After breaking supra the aged absorption enactment astir $92, AXS/USD surged higher and broke the obstruction astatine $100 earlier retesting the $108 zone.

Another limb up has seen AXS terms determination supra the intelligence obstruction of $150, with the surge to highs of $154.63 suggesting a interruption supra $155 could unfastened up AXS/USD for much gains.

On the 4-hour chart, a spike successful measurement and the affirmative outlook of the RSI suggest buy-side pressure. The terms is besides good supra the 50 and 100 elemental moving averages, whose curves are rising to bespeak a bullish view.

AXS/USD 4-hour chart. Source: TradingView

If buyers prolong the upside momentum, a propulsion towards $160 to $180 would supply the adjacent nonsubjective and thereafter a imaginable continuation of the parabolic rally to $200.

On the contrary, a flip beneath the captious anchor astatine $138 could spot AXS/USD retest the $116 zone. Bearish unit astatine this terms portion could accelerate a retest of the $100 enactment zone.