đ Recent Price Action
âąÂ $AXS has been bouncing back from multi-year lows, with recent weeks showing sharp rallies â including double-digit gains above $2.50 as it outperformed some gaming tokens.Â
âą However, price swings remain high. After big up moves, short pullbacks occurred with selling pressure rising on exchanges.Â
đ Market Signals
âąÂ 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.Â
âąÂ Mixed sentiment: Netflow to exchanges reached multiyear highs, hinting at potential selling pressure, and some derivatives data showed more traders betting on price drops â a sign of caution.Â
âąÂ Technical rebounds: AXS recently rebounded from oversold levels, drawing short-term buying interest, but it still needs consistent support to sustain bigger rallies.Â
đ Summary
Axie Infinityâs token AXS is showing renewed activity and volatility â 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.
