Axie Infinity (AXS) price surged nearly 45% in the last day, outpacing most mid-cap altcoins and putting GameFi back on traders’ screens. Unlike a typical low-liquidity spike, this move has come with rising volume and improving momentum, pointing to broader participation and fresh buying interest. Price action is also starting to look healthier, shifting from a pattern of lower highs and lower lows to higher highs and higher lows.
The key question now is simple: Does demand stay active at these levels? If buyers continue to show up, traders may treat this as the early phase of a larger upside leg. If interest fades, the surge risks being remembered as a short-lived squeeze rather than a sustained rotation.
Key Reasons Behind the AXS Price Rise
AXS price is trading around $1.29, up roughly 33% in the last 24 hours, after a strong push that has lifted the token ahead of many mid-cap altcoins. The move is backed by a clear rise in activity, with 24-hour trading volume near $380M and a live market cap around $217M, showing broader participation rather than a quiet, low-liquidity spike.Â
One reason AXS is rising today is risk appetite returning to higher-volatility sectors like GameFi, where rebounds can accelerate once buyers step in. At the same time, derivatives markets are adding fuel: data shows futures volume above $526M, with about $1.5M in liquidations and open interest near $44.6M, suggesting short covering and fresh positioning helped power the rally.Â
On the narrative side, Axie’s recent staking and incentive adjustments, including an Axie Score-based rewards experiment planned for January 2026, have brought the project back into focus and improved sentiment.
What’s Next for Axie Infinity (AXS) Price?
Axie Infinity (AXS) is back in action after a sharp breakout from multi-month lows. The token is trading near $1.31, up nearly 37% on the week, as buyers step in after a long downtrend. Volume has surged alongside the move, hinting at broader participation rather than a small liquidity spike. With GameFi tokens showing signs of rotation, AXS is now testing a key turning area where the market will decide if this is a real trend shift or just a temporary bounce.
On the weekly chart, AXS has been moving inside a descending channel, with price repeatedly printing lower highs. The latest candle shows a strong rebound from the channel’s lower boundary, pushing AXS above the $1.20–$1.30 base. Bollinger Bands are tight, suggesting volatility expansion is underway. RSI is lifting from weak levels, supporting the rebound. If AXS holds above $1.10–$1.20, targets sit at $1.50–$1.60 first, then $1.75–$2.00. Losing $1.10 risks a retest near $0.90.
The Bottom Line
AXS has finally shown a sign of life after a long, grinding decline, but this is still the “prove it” phase. Big green candles can attract quick buyers, yet the rally only becomes meaningful if AXS can stay firm after the excitement fades. If price holds its recent base and pullbacks remain shallow, it signals real accumulation and improves the odds of a stronger recovery leg. If AXS gives back most of the move quickly, it’s likely just a reaction bounce from oversold levels. For now, momentum is improving—but the next few sessions will decide whether this is a comeback or a one-off spike.
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