Here is what could be next for AXS, DASH, and PUMP | Credit: Veronica Cestari
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Key Takeaways
Bitcoin reclaiming $95,000 has reignited risk appetite for altcoins.
DASH and AXS show strong breakout structures with upside potential.
PUMP is attempting an early recovery tied to Solana activity.
After Bitcoin (BTC) successfully reclaimed the $95,000 psychological barrier, several altcoins followed suit.
This recovery has stabilized market sentiment, allowing capital to rotate into high-beta altcoins.
While BTC dominance remains high at 59.4%, specific assets in the Privacy, GameFi, and Solana sectors are showing aggressive breakout potential.
Here is the technical breakdown for DASH, Axie Infinity (AXS), and Pump. fun (PUMP) as they aim to extend their January gains.
Dash (DASH)
Dash has outperformed this week, ranking among the top crypto gainers as traders rotate back into privacy coins. That shift has also lifted Monero (XMR) and Zcash (ZEC), even as the sector faces tighter scrutiny.
However, among the top privacy coins, DASH could extend its rally beyond this week.
Technically, the move looks stretched. DASH has already run hard into higher supply, and the Relative Strength Index (RSI) signals the rally is overheated.
However, not every indicator has shown that. For instance, on the daily chart, the Bull Bear Power (BBP) has remained positive, while the Money Flow Index (MFI) continues to rise.
This position indicates rising buying pressure. If sustained, this could drive the DASH coin price past the $100.74 resistance level.
However, a cooldown toward the prior demand band would not be surprising. If that is the case, DASH’s price might invalidate this bullish setup and decline to $70.08.
Still, if DASH holds above its longer-term trend support, bulls can keep the next resistance zone in play.
Axie Infinity (AXS)
AXS is also catching a bid on the back of Axie Infinity’s latest economy change.
Since Jan. 7, 2026, SLP emissions in the Origins mode ended, a shift meant to curb automated farming and reduce inflationary pressure.
That kind of supply tightening can change the tone fast. As a result, AXS is among this week’s crypto gainers, forcing the market to reprice it based on scarcer supply.
From a technical perspective, Axie Infinity trades near $1.24 on the daily chart following this week’s rally that broke the prevailing downtrend.
Holding above the $1.20 to $1.24 area would keep the bullish structure intact, while acceptance above $1.55 would confirm a broader trend reversal rather than just a relief rally.
If validated, AXS could hit $2 and hold its position as one of the crypto gainers again. On the contrary, if selling pressure increases, the value could decline below $1.
Pump.fun (PUMP)
PUMP remains tied to Solana’s fast memecoin flow. When on-chain activity surges, PUMP’s price tends to catch that move, making it part of the crypto gainers this week.
Right now, PUMP is still trading in that high-velocity zone, with heavy volume and active participation visible across major trackers.
That matters because it appears that volume has returned to the Pump.fun ecosystem as seen from the condition of some memecoins.
On the daily chart, PUMP’s price trades near $0.00287 t after rebounding from a prolonged decline.
Notably, the price spent several months trending lower inside a clear descending channel, which defined the bearish phase following the initial blow-off top.
That structure is now being challenged, as buyers have pushed price back toward the upper boundary of the channel.
The Fibonacci levels outline the recovery path. As seen below, the Price is holding above the 0.236 retracement near 0.00338 and is attempting to stabilize above the 20-day EMA.
At the same time, the 50-day EMA sits just overhead and remains a resistance level. The 0.382 level near $0.00445 remains the first primary upside target, and it also aligns with prior supply from the breakdown area.
If the price stays below that zone, the move might look corrective.
Trend and participation are improving. Volume increased notably on the recent bounce, suggesting renewed interest rather than a low-liquidity drift.
The short-term moving averages are curling higher, showing that downside momentum is fading. In summary, PUMP’s price is transitioning from decline into early recovery.
A daily close above the channel resistance and the $0.0033 to $0.0034 area would strengthen the bullish case and open room toward $0.0045.
However, the descending channel has not entirely broken, and the price remains vulnerable to rejection. If that were to happen, it could decline toward $0.00017.
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.
