$AXS
Up 247%! ๐ Is the Axie Infinity Comeback Real or a Trap?
Axie Infinity is officially back from the dead! $AXS has been one of the top performers this month, and the reason is a massive "Tokenomics Reform" by Sky Mavis. ๐ ๏ธ
Why is it pumping?
Burn mechanism: SLP emissions have been halted, cutting inflation by 30%.
bAXS Launch: The new "Bonded AXS" rewards genuine players and stops "farm-and-dump" bots. ๐ค๐ซ
The "Short Squeeze": Many traders were betting against AXS, and this news forced them to buy back in!
Technical Level: AXS is facing resistance at $3.35 - $3.40. If it breaks this, the next stop could be $4.20. However, the RSI is looking "Overbought," so watch for a quick retest of $2.80 support. ๐
Are you BULLISH or BEARISH on the GameFi recovery? Let me know if you're holding $AXS or taking profits! ๐