Why is the Axie Infinity (AXS) Price Rising Today? Is Liquidity Rotating Into GameFi?

Axie Infinity (AXS) price

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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