AXS Momentum Cools as Liquidity Walls Shape the Next Breakout
Axie Infinity’s $AXS token has entered a cooling phase after an overheated rally, with momentum indicators retreating from extreme levels and signaling that buyers may be losing short-term control. Despite the pullback, the broader trend remains intact as the price continues to hold above key moving averages, suggesting underlying strength even as bullish pressure eases.
Order book dynamics now define the next major move. Large ask walls between $2.598 and $3.000 represent the primary barriers to a renewed breakout, with a clear push through these zones likely to trigger sharp upside continuation. On the downside, significant bid walls near $2.210 and below form the main defenses against deeper corrections, though losing these levels would expose the price to rapid declines due to thin liquidity pockets.
With momentum softening and the price positioned near critical support and resistance clusters, AXS sits at a decisive crossroads. A breakout above upper liquidity bands could reignite bullish continuation, while a breakdown through key bid walls risks accelerating downside movement. Traders are watching closely as the market prepares for its next directional shift.
