📊 Recent Price Action
• $AXS has been bouncing back from multi-year lows, with recent weeks showing sharp rallies — including double-digit gains above $2.50 as it outperformed some gaming tokens.
• However, price swings remain high. After big up moves, short pullbacks occurred with selling pressure rising on exchanges.
📈 Market Signals
• Bullish momentum: Rising trading volume and whale accumulation pushed $AXS above key short-term levels, with bulls targeting higher price zones near ~$3 and beyond if support holds.
• Mixed sentiment: Netflow to exchanges reached multiyear highs, hinting at potential selling pressure, and some derivatives data showed more traders betting on price drops — a sign of caution.
• Technical rebounds: AXS recently rebounded from oversold levels, drawing short-term buying interest, but it still needs consistent support to sustain bigger rallies.
📌 Summary
Axie Infinity’s token AXS is showing renewed activity and volatility — recent technical rebounds and retail interest have driven gains, but mixed on-chain and market signals mean short-term price direction can swing quickly. Support levels around recent lows and key resistance near ~$3 will be important in the coming days.
