GameFi enthusiasts and cryptocurrency investors, take note—Axie Infinity (AXS) is making waves. The price of AXS has risen by an impressive 45% in just 24 hours, marking it as a standout performer among mid-cap altcoins. This surge signals a potential resurgence in the GameFi sector, fueled by improved sentiment and renewed trading activity. Let’s break down the reasons behind this upward momentum and what it means for the future of Axie Infinity.
Explosive Growth in Trading Volume
Currently trading at around $1.29, AXS has seen its trading volume skyrocket to approximately $380 million in the last 24 hours. This uptick indicates significant participation from traders, making this different from typical low-liquidity spikes. Instead, it shows early signs of sustained interest.
Further fueling the rally is heightened activity in the derivatives market. Data reveals futures volume exceeding $526 million, with about $1.5 million in liquidations and open interest nearing $44.6 million. This combination of short-covering and new investor positioning has been a key driver behind AXS’s price movement.
What’s Behind the Surge?
The GameFi space appears to be regaining traction as risk appetite grows among crypto traders. Axie Infinity, once a blockchain gaming juggernaut, is benefiting from this renewed interest. Recent developments, such as staking and incentive adjustments and an upcoming Axie Score-based rewards experiment slated for January 2026, have reignited enthusiasm around the ecosystem.
On the technical charts, AXS is shifting from a pattern of lower highs and lower lows to higher highs, signaling a potential trend reversal. Indicators like the RSI and Bollinger Bands also point to strengthening momentum. Price now hovers between $1.20–$1.30, with key resistance levels at $1.50–$1.60 and further targets at $1.75–$2.00.
Is AXS the Next GameFi Star?
The question now is whether this rally is sustainable or a short-lived spike. If price holds above $1.20 with minimal pullbacks, this could mark the early phase of a larger recovery leg. Conversely, a drop below $1.10 could signal a return to previous lows near $0.90. For now, the improving momentum and increased trading activity suggest a brighter outlook for AXS.
How to Get Started with Axie Infinity
If you’re looking to jump into the GameFi world, Axie Infinity’s resurgence makes it an attractive option. To further enhance your experience, consider tools like Ledger Nano X, a highly-rated crypto hardware wallet that provides secure storage for your assets. It’s a must-have for anyone serious about cryptocurrency trading and investing.
Final Thoughts
AXS’s recent breakout serves as a reminder of the volatility—and opportunity—present in the crypto and GameFi space. While the market decides if this is a lasting trend or a short-lived rally, the fundamentals and sentiment shift make Axie Infinity a project to watch in the coming weeks.
Disclaimer: Always conduct thorough research before making investment decisions. Market conditions can change rapidly, and past performance is not indicative of future results.
