AXS price is trading at $1.47, up roughly 14% over the last 24 hours as buyers returned aggressively. The token moved within a $1.253 to $1.595 daily range, showing wide intraday participation.
The Axie Infinity coin has fallen about 11% this week, despite a 50% gain over the past month. 24-hour trading volume increased by 310.67% to $236.95 million, while overall crypto trading dropped by 33.47%. Bitcoin is down nearly 3% today.
That suggests that the latest move did not track broader beta, as order flow was concentrated. Traders focused on Axie Infinity–specific developments and a technical structure that had compressed the AXS price for weeks.
Axie Infinity Introduces bAXS as Ecosystem Restructure Accelerates
Axie Infinity has announced its plans to launch Bonded AXS, also called bAXS, to eligible stakers of AXS tokens in line with a February 5 snapshot. The airdrop initiative includes 100,000 bAXS, contingent on a minimum 10-axie stash. The token is collateralized 1:1 with AXS, with several use cases in basic gameplay mechanics, including breeding, evolution, and upgrades.
The news follows a volatile period for the AXS price, which has gained 57% over the last 30 days but remains 99% below its 2021 peak.
Sky Mavis, the Vietnamese studio behind Axie Infinity, recalibrates its economy to one of continuous in-game spending rather than relying on external liquidity. Homeland is being sunset in favor of Terrariums, a new land system expected in the first half of 2026 that will emit bAXS rewards. Additional utility is planned through Atia’s Legacy and future PvP releases.
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The airdrop snapshot and a clearer utility framework introduced urgency around staking, drawing attention back to the AXS price after weeks of selling pressure.
AXS Price Tests Falling Wedge With Breakout Targets in View
AXS price continues to trade along the lower boundary of a well-defined falling wedge on the three-hour chart, a structure highlighted by chartist Clifton Fx. The pattern has compressed price action since late January, with lower highs capped by descending resistance and selling pressure gradually losing momentum near the base.
Clifton Fx notes that AXS is actively attempting to break the wedge to the upside. In his framework, a confirmed breakout would open the door to a 100%-140% rally from the breakout zone, based on the measured move of the formation.
Meanwhile, momentum indicators remain mixed. RSI levels are currently stuck around the 40s, neither indicating exhaustion nor confirming the trend. The MACD remains below its signal line, indicating ongoing selling pressure from the previous leg down.
Still, other short-term indicators have begun to move into the buy column, reflecting easing short-term selling pressures from the respite in selling interest.
However, moving averages remain overhead resistance. Most short- and mid-term EMAs and SMAs remain above spot price, keeping the broader trend cautious despite the volume expansion. This leaves AXS in a transitional phase, where structure and flow are improving faster than trend indicators.
Therefore, volume is surging as the AXS price tests the wedge formation’s resistance level, with support still needed before a break above the trendline. Until then, the pattern is considered a breakout attempt, not a reversal, as traders are waiting to see whether the Axie Infinity price can recoup the lag.
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