Today's Top Trending Coin: Axie Infinity (AXS)
Axie Infinity ($AXS ) is dominating the trending lists today, leading the gaming sector with a massive 69% surge. This renewed interest in Play-to-Earn (P2E) is sparking a broader "Gaming Summer" narrative across the market.
Technical Analysis:
Price Action: AXS has shattered multi-month resistance, moving from a base of $1.25 to a peak of $2.35 in just 24 hours. The chart shows a powerful parabolic move, common during "short squeeze" events.
Key Support: The breakout point at $1.85 is now the primary support level. As long as AXS remains above this, the bullish momentum is intact.
Resistance Levels: Currently, AXS is facing minor friction at $2.15. A clean break above this could see a quick run toward the $2.50 psychological level.
Indicator Watch: The RSI is currently deep in the overbought zone (above 80). While this shows extreme strength, beginners should be cautious of a potential "cooling-off" period or mean reversion to the 20-day EMA.
#MarketRebound #StrategyBTCPurchase #AXS
