$AXS
Axie Infinity has entered a full parabolic phase, surging to $2.07 on January 17, 2026. This represents a staggering 138% increase since the start of the year. The primary driver behind this specific move toward $2.00 is the massive increase in market liquidity—trading volume has exploded to over **$668 million** in the last 24 hours (up 67% since yesterday). This "short squeeze" was likely triggered by AXS crossing the 0.618 Fibonacci level ($2.11) during intraday trading, forcing bears to cover their positions. The market is currently fueled by "FOMO" following the successful removal of SLP inflationary pressure and the highly anticipated Atia’s Legacy open beta announcement.
Next Analysis:
Technically, AXS is now in "uncharted territory" for the first time in years. If it can flip the $2.00 psychological level into solid support, the next major target is the $2.49 high predicted by analysts for late January. However, the Relative Strength Index (RSI) is now deep in overbought territory (above 80), suggesting a "cooling off" period or a sharp correction could be imminent. Investors should watch the $1.75 support zone; a failure to hold that level during a pullback would signal that this rally was a localized liquidity event rather than a permanent trend shift.#MarketRebound #BTC100kNext? #StrategyBTCPurchase #USDemocraticPartyBlueVault