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$AXS Breaking Out: GameFi King Reclaiming Its Throne?
Axie Infinity (
$AXS ) is showing serious signs of life! After a long period of consolidation, the charts are finally flashing BULLISH signals that the community has been waiting for.
📊 Key Technical Highlights:
Major Breakout: AXS has successfully broken above the psychological $2.00 barrier, exiting a multi-month descending channel.
Volume Spike: We’re seeing a massive surge in 24-hour trading volume (blasting past $600M), confirming that this move has real strength behind it and isn't just a "fakeout."
Momentum Indicators: The price is holding above the 200-day EMA, with the RSI cooling off for a potential healthy retest of support before the next leg up.
💡 Why is this happening?
Supply Shock: The recent halt of SLP rewards in Origins has cut daily inflation by ~90%, tightening the supply dynamics significantly. 📉
Roadmap Hype: With the Atia’s Legacy Open Beta on the horizon and the launch of bAXS, the ecosystem utility is expanding.
Sector Rotation: Liquidity is clearly rotating back into high-quality GameFi projects.
🎯 Levels to Watch:
Support: $1.85 – $2.00 (Crucial to hold this for continued upside)
Resistance: $2.38 and $2.51
Moon Target: If momentum sustains, analysts are eyeing a mid-term target of $3.50+.
What’s your move? Are you accumulation at these levels or waiting for a deeper dip? Let’s discuss in the comments! 👇
#AXS #AxieInfinity #GameFi #CryptoAnalysis #BinanceSquare $AXS