$AXS
$AXS AXS/USDT pair has captured significant market attention, characterized by a dramatic breakout from its long-term bearish accumulation phase. 📉 After trading within a narrow range, the token experienced a parabolic surge of over 200% this month, briefly reclaiming levels near $2.93. 🚀 This rally was largely fueled by a major overhaul in the Axie Infinity tokenomics, specifically the cessation of SLP emissions in "Origins" mode to combat inflation. 🛡️
From a technical perspective, AXS recently sliced through its 200-day Exponential Moving Average (EMA), a milestone that signaled a shift in trend. 📈 However, the daily Relative Strength Index (RSI) reached extreme overbought territory (above 80), leading to a healthy short-term pullback toward the $2.30 level. 📉 The current support zone is identified between $1.95 and $2.05, which buyers must hold to maintain the bullish structure. 🏗️ Resistance remains formidable at the psychological $3.00 mark, where significant selling pressure has been observed. 🛑
Fundamentally, investor confidence is rising due to the introduction of bAXS (a non-transferable reward token) and the anticipation of the "Atia's Legacy" MMO beta release in Q2 2026. 🎮 High trading volumes on South Korean exchanges like Upbit suggest strong retail interest, though whale accumulation also plays a pivotal role in the recent price volatility. 🐋 As the market digests these gains, AXS appears to be entering a consolidation phase. 🔄#AXS/USDT #Mag7Earnings #TradingCommunity