Axie Infinity Market Overview

Summary• Price opened at $2.351, peaked at $2.447, and closed at $2.392, showing a volatile 24-hour range.• A bullish 50 SMA crossover on the 15-minute chart indicates rising short-term momentum.• High volume surges and a 61.8% Fibonacci retracement level at $2.39 suggest potential near-term support.• RSI near 50 indicates neutral momentum, but Bollinger Band expansion suggests rising volatility.• Divergence between late-hour price recovery and lower-than-expected turnover raises caution.

Axie Infinity’s AXSUSDT pair opened at $2.351 at 12:00 ET–1, reached a high of $2.447, touched a low of $2.301, and closed at $2.392 at 12:00 ET today. Over the 24-hour period, the total volume was 1,223,182.65 AXS, and notional turnover reached $2,926,133.86 USD, showing strong participation despite late-day caution.

Structure & Formations

AXSUSDT traded in a clearly defined 24-hour range, with $2.301 acting as a critical support and $2.447 marking the upper boundary. A notable bullish engulfing pattern formed around 14:00 ET as price rebounded sharply from a prior bearish candle. A doji at 15:45 ET signaled indecision near $2.391, and a 61.8% Fibonacci retracement level at $2.39 appeared to hold as a psychological floor during the late afternoon pullback.

Moving Averages

On the 15-minute chart, the 50-period moving average crossed above the 20-period line, forming a bullish “golden cross” during the overnight session. However, on the daily chart, AXS remains below its 50- and 200-period MAs, indicating a still-broadly bearish trend over longer timeframes.

MACD & RSI

The MACD showed a positive divergence in the final hours, with price making a new high but MACD failing to do so, suggesting waning bullish momentum. RSI hovered around 50, indicating neutral momentum, though it touched a 75 peak in the early morning before a sharp decline. This suggests traders may have taken profits after a late-night rally.

Bollinger Bands

Bollinger Bands expanded significantly during the early morning hours following the breakout from $2.41, indicating rising volatility. Price closed just below the middle band, suggesting some consolidation ahead. A contraction in the late afternoon hinted at a potential reversal or continuation pattern forming, depending on how volume and order flow develop.

Volume & Turnover

Total notional turnover surged during the 00:30–02:00 ET period when price pushed above $2.41. However, turnover waned in the late afternoon, even as price recovered toward $2.392. This volume divergence suggests the recent rally may lack conviction. The largest volume spike occurred around 01:30 ET, coinciding with a sharp rebound from the morning lows.

Fibonacci Retracements

Applying Fibonacci to the key $2.301–$2.447 swing, the 61.8% level at $2.39 aligned closely with the late-day consolidation. Price held above this level in the last two hours, indicating it may serve as a near-term floor. The 38.2% level at $2.42 was briefly tested during a morning pullback and could reemerge as a resistance if bulls regain control.

Looking ahead, AXSUSDT may test $2.39–$2.40 as a potential support zone, with a break below this range signaling a retest of the morning lows. A recovery above $2.415 would likely re-engage short-term bullish momentum. Traders should remain cautious, particularly if RSI moves below 50 or if volume fails to confirm any price action.