Axie Infinity (AXS) To Rise Further? Key Harmonic Pattern Signals Potential Upside Move
Date: Fri, May 09, 2025 | 04:50 PM GMT
The cryptocurrency market continues to build on its recent strength, with Ethereum (ETH) leading the charge. ETH has climbed more than 52% over the past month and is now trading above the $2,300 mark — its highest level in months. This resurgence is also helping lift sentiment across major altcoins , including Axie Infinity (AXS).
The gaming token has jumped more than 10% today alone, pushing its monthly gains to an impressive 24%. Even more compelling: a textbook harmonic pattern forming on the daily chart now suggests that a further rally may be on the horizon.

Harmonic Pattern Signals More Upside
Looking at the daily chart, AXS is shaping what appears to be a Bullish Gartley harmonic pattern — a technical formation often used to forecast potential price reversals or strong continuation zones.
Here’s how it breaks down:

- The initial drop from point X ($3.64) to point A ($2.10) marked a sharp 42% decline.
- The AB leg then retraced 39.4% of the XA move — a standard range for Gartley formations.
- From there, the BC leg dipped again, retracing 75.6% of AB, before reversing upward.
- Now, the CD leg is in progress, and the price is surging toward the D point, projected near the $3.31 mark — the 78.6% Fibonacci retracement of the XA leg.
What’s Next for AXS?
If this harmonic setup completes successfully, AXS could soon test the $3.31 resistance, which marks a potential 16.5% upside from the current price of $2.84.
But that’s not all. A sustained bullish breakout above $3.31 could push AXS even higher — toward the previous swing high of $3.64 (point X). If this level is reached, it would represent a 28% gain from current levels.
This $3.31–$3.64 zone is crucial. Harmonic patterns often see a reversal or strong consolidation at the D point, so traders should watch for increased volatility or profit-taking pressure in that range.
Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before making investment decisions in cryptocurrencies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MoonBull Whitelist Promises 1000x Crypto Ascent

XRP Rally Largely Driven by South Korean Traders, Growth Potential Remains Uncertain
Ethereum’s Rising Price and Open Interest Suggest Potential Early Altcoin Season Amid ETF Inflows

SHIB Shows Potential for Moderate Gains Amid Mixed Daily Signals, Top Coins End Week in Green

Trending news
MoreCrypto prices
More








