Snapshot Axie Infinity’s AXS has been one of GameFi’s standouts this week, posting a 10.79% gain over the past seven days even after a sharp 15% pullback from the $3 area since Saturday, according to CoinMarketCap and TradingView price data. AMBCrypto reports the move has wiped out losses accumulated since September 2025 — but momentum signals warn traders to stay cautious. What the weekly picture shows - There are bullish undercurrents on the weekly chart: unusually high weekly trading volume and an on-balance volume (OBV) surge that’s pushing toward levels not seen since 2024. - Weekly RSI has climbed above the neutral 50 line for the first time since late December 2024, suggesting improving medium-term momentum. - Yet the weekly structure is not decisively bullish: the $2.92 swing high from July 2024 remains unbroken. Current price action looks unlikely to produce a weekly close above $2.92, which could open the door to a pullback—especially with Bitcoin trading back below the $90k mark. Daily/short-term technicals and targets - The daily chart still retains a bullish structure, but the RSI is showing a bearish divergence, and daily sessions failed to close above $2.92. That combination triggered a fast retracement from the recent $3 area. - Fibonacci levels put an immediate retracement target at roughly $1.878. For traders looking for deeper, swing-style entries, a pullback into the $1.238–$1.878 band would be the zone to watch. - For buyers, a clean breakout and daily/weekly close above the $2.92–$3.00 area would be a more conservative confirmation before adding exposure. Short-term scalpers may find opportunities around the current retracement. What traders should consider - Strength in volume and OBV offers reason for optimism, but the inability to clear the $2.92 level and the bearish daily RSI divergence increase the odds of a corrective move. - Broader market context (notably BTC under $90k) could amplify downside pressure. - Monitor price reaction, volume, and overall crypto market sentiment before committing to swing positions. Sources: AXS/USDT on TradingView, CoinMarketCap, AMBCrypto Disclaimer This article is informational and reflects the writer’s opinion. It is not financial, investment, trading, or legal advice. Cryptocurrency trading carries high risk; do your own research before making any decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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