The prices of metaverse tokens like Axie Infinity (AXS), The Sandbox (SAND), and Decentraland (MANA) have experienced significant gains recently. This rally can be attributed to renewed interest in the metaverse sector, with Apple’s launch of the Vision Pro headset and Meta (Facebook) CEO Mark Zuckerberg’s commitment to doubling down on the sector. The social sentiment surrounding AXS has also improved, indicating a more positive market outlook. Despite an 18% price increase, the weighted sentiment for AXS is still in the negative zone, suggesting potential for further growth as more investors take notice. The growing demand for AXS on exchanges further supports a bullish stance, with more active orders to buy than there is available supply. The AXS price rally is predicted to have enough momentum to reach $6.50, but it must first overcome resistance at $6. If the bullish momentum continues, AXS could even attempt to reclaim the $7 milestone. However, a drop below the $5.50 support level could invalidate the bullish prediction and potentially lead to a low of $4.
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