The move follows a strong rally from sub-$1, which marked a clear shift in market structure after a prolonged downtrend.
The initial surge established bullish control, and the price then consolidated in a tight downward-sloping flag.
That consolidation resolved to the upside, with the Axie Infinity token breaking above the flag resistance and pushing into fresh local highs.
Furthermore, the Bull Bear Power (BBP) has surged into positive territory, showing aggressive bullish pressure.
On the other hand, the Relative Strength Index (RSI) sits above 70, reflecting strong momentum but also entering short-term overbought conditions.
From a technical perspective, the former breakout zone now acts as support, and as long as AXS price holds above the flag high, the bullish continuation remains intact.
The next area of interest sits near the $2.60 zone, where prior overhead supply and psychological resistance may appear.
A hold and consolidation above current levels would strengthen the case for continuation. Should that be the case, then AXS price might trade higher.
History Shows It’s Undervalued
From an on-chain perspective, the Axie Infinity token is flashing an early recovery signal. As seen below, the chart shows AXS snapping up from a deeply depressed zone after an extended downtrend that lasted most of 2024 and 2025.
The key development sits in the yellow Market Value to Realized Value (MVRV) ratio line.
Through the second half of 2025, the MVRV remained pinned near extreme lows, a pattern that typically signals widespread unrealized losses.
In past cycles, that kind of compression often appears near late-stage bear phases.
Now, MVRV is lifting off the floor as the price is bouncing. This implies that the market is beginning to drag the average cost basis closer to the current price.
If sustained, this can reduce forced selling and improve risk appetite. Still, the structure remains fragile.
AXS price has produced sharp rallies before, and the chart shows several historical spikes that quickly reversed once MVRV climbed and holders regained profits.
From here, the market likely follows one of two paths. If MVRV continues rising steadily while price holds higher lows, the move can evolve from a relief bounce into a broader trend reversal, supported by improving holder profitability.
If this is the case, the Axie Infinity token will likely breach the overhead resistance and reach new highs.
AXS Price Forecast: Bullish
On the daily chart, AXS price surged more than 20%, trading near $2.37.
The move marks the first structural reversal since the prolonged decline that dominated most of 2025
In addition, the rally followed a textbook reclaim of key Fibonacci levels. A
AXS first pushed above the 0.236 level near $1.51, then sliced through the 0.382 level around $1.96 with little resistance.
At the time of writing, the price is now pressing into the 0.5 retracement zone near $2.03 and approaching the 0.618 level around 2$.69. Historically, this zone has acted as a decision area between corrective bounces and full trend reversals.
Meanwhile, the Awesome Oscillator (AO) has flipped positive, printing its strongest bullish bars since the start of the decline.
The Chaikin Money Flow (CMF) has also returned to positive territory, indicating that capital is flowing into AXS.
Therefore, this alignment between price, momentum, and volume strengthens the breakout narrative.
Notably, the most critical development is the invalidation of the descending channel that guided prices lower for months.
However, the speed of the move also increases the likelihood of near-term consolidation, especially as price approaches the $2.60 to $2.70 resistance band.
If AXS can hold above the reclaimed $1.95 to $2.05 zone, the breakout remains technically healthy and opens the door for continuation toward the $3 area.
In a highly bullish scenario, it could jump to $3.20. However, if the price stalls or is rejected near the 0.618 level, the move may transition into a consolidation.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
