The NFT space is flourishing, incurring notable gains in the past couple of days. However, a few tokens are experiencing a slight consolidation which may wind up very soon. As the top NFT’s are showcasing extreme bullish momentum, primed to smash higher highs very soon. Among all, Axie Infinity(AXS) and Theta (THETA) price are currently consolidating, yet poised to leap long.
Axie Infinity (AXS) Price May Retest Support Levels Before Next Leg Up
Axie Infinity price initiated its bull run at the start of July 2021 and despite multiple pullbacks, the asset maintained its uptrend. After sustaining the positive trend, the price is now swinging within a massive ascending channel. And hence the price may continue to hit higher highs until it reaches the peak. However, the minute retests or corrections may also be in place, yet the bull run could resume thereafter.
The AXS price is trending within the strong support trendline and may also revisit or hit these levels soon. This may not be a bearish flip, yet a small correction before the price rebounds to leap above $200. However, if in the worst cases, the price breaks down the pattern, then the strong support levels around $120 may hold the rally strong. Yet the flip may still be imminent from these levels.
Theta (THETA) Price Aims at $10 In Next 24 hours
The year 2021 was the most bullish year in the history of the crypto space. Where-in many altcoins killed the zeros in their price to surge beyond $1. Theta is one such asset that experienced a gigantic rally from less than a dollar to more than $15 in very little time. No doubt the bear market was also very strong, yet the upcoming rebound may be also notable.
The THETA price throughout the recovery phase since August sustained the strong support levels. The asset broke through the consolidation a couple of days before and continue to accumulate strength to pull the next leg up. The immediate resistance levels lie around $10 which are mandatory levels to achieve. However, the target still lies at $12.4 resistance levels and later at the ATH.
Axie Infinity(AXS) price and Theta (THETA) price both appear poised to hit ATH soon and trend within the discovery phase. The discovery phase may end up indicating a $250 target for AXS price and $20 for THETA price in the upcoming bull run.