
Axie Infinity’s AXS token is beginning to regain attention after a sharp rebound from recent lows, rising more than 18% in the latest session as broader market sentiment steadies. The move follows an extended decline that pushed AXS price into deeply compressed price territory, where selling pressure began to fade and buyers cautiously stepped back in. While the rebound itself is notable, the larger focus for traders is the structure forming beneath the surface. AXS is not simply bouncing on momentum, it is compressing into a zone where volatility has been steadily declining, often a precursor to larger directional moves.
That setup has placed the token back on watchlists, even as confirmation remains pending. The question now is not whether AXS has bounced, but whether this rebound is evolving into something structurally more meaningful.
For the past sessions, AXS price continues to trade inside a falling wedge pattern, defined by lower highs and lower lows, converging into a tightening range. This structure typically reflects weakening downside momentum, rather than aggressive distribution. Importantly, AXS token has succeeded to mark a close above the trendline barrier of $1.40. Currently, AXS price is trading around $1.52 and displaying buying momentum during the intraday session.
The falling wedge pattern breakout move suggests a next bullish leg intact. Once price surpasses above the $1.55-$1.60 with strong volume, AXS token may see a 100% rally toward the major supply zone of $3 in the near-term. Axie Infinity token has begun forming higher lows on intraday and short-term timeframes, a subtle but important shift from the persistent lower-low sequence that defined the prior downtrend. For AXS, multiple EMAs hurdle placed around $1.60 which is the make-or-break zone. If bulls succeed to close above the region, a strong rally could be seen ahead. A rejection from that region may pull AXS inside the narrow range.
AXS is rebounding after heavy selling as buyers step in near lows. A falling wedge breakout and improving sentiment are driving renewed momentum.
AXS needs to stay above $1.55–$1.60. A strong close above this zone could unlock further upside, while rejection may cause consolidation.
A 100% move toward $3 is possible if AXS confirms above resistance with volume, but it depends on broader market strength and follow-through.
Axie Infinity remains relevant due to its established ecosystem. Price action now suggests traders are reassessing its long-term potential.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP is testing a critical support level on Tuesday, with the price attempting to break…
Senator Elizabeth Warren has formally asked the Securities and Exchange Commission to delay the SpaceX…
Bitcoin is trading around $ 63K after a volatile stretch, with sentiment still mixed across…
SpaceX is listing on Nasdaq on June 12, raising $75 billion at a $1.75 trillion…
When Hugo Philion was raising money for Flare, the blockchain network designed to bring smart…
Markets love to celebrate the first sign of stability. The data, however, isn't always as…