2026-01-17 20:33:29

AXS makes a strong rebound, with a 24-hour increase of 73%, breaking through the $2.08 level. This rebound is backed by solid fundamentals— the project team has stopped SLP rewards, which effectively reduces years of accumulated selling pressure. Market enthusiasm has also picked up, with trading volume reaching $415M. Such activity is rare in the GameFi sector.

From a technical perspective, the RSI has entered the high zone of 70+, indicating strong buying momentum in the short term. However, traders should focus on two key price levels—$2.50 as resistance above and $1.60 as support below. The recovery trend in GameFi is real, but whether this high level can hold depends on whether the upcoming trading volume and buying interest can be sustained.

AXS57,17%

SLP14,44%

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ApeDegen

· 6h ago

73%？ Damn, this wave of AXS is pretty fierce. I really didn't expect it to rebound so strongly. The SLP rewards finally stopped. The selling pressure has been there for a long time. Anyway, I am optimistic about this direction. Will $2.50 break? It feels a bit uncertain; it depends on whether the trading volume can support it. GameFi is alive again? Will it be another flash in the pan this time? I bet $1.60 can hold.

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CoffeeNFTrader

· 6h ago

73% increase can't be sustained anymore, feels like a correction is coming.

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rekt_but_resilient

· 6h ago

How did I miss the 73% surge? My mindset is shattered. Stopping the SLP rewards was indeed a bold move. Finally starting to face this tumor. RSI is already over 70. Can it really hold at this high level? Feels like it's about to be smashed down again. There are probably big orders waiting around $2.5. If it can't break through, it will continue to fluctuate. This rebound in GameFi is probably just a flash in the pan. Let's wait and see.

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DegenTherapist

· 6h ago

A 73% increase really made me jump out of my chair. I have to say, stopping the SLP rewards was a really tough move, releasing years of selling pressure all at once. RSI broke 70, indicating strong buying momentum, but I'm still a bit hesitant. $2.50 is definitely a tough nut to crack. How long can this GameFi rebound last? I have no confidence.

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TerraNeverForget