2026-01-18 11:20:56

AXS has experienced a remarkable rally over the past week—an increase of 107%. This surge is mainly driven by the strong rotation in the GameFi sector, igniting retail traders' enthusiasm, with daily trading volume showing a significant spike.

From a technical perspective, AXS has now stabilized above the important support level of $2.03, and the RSI indicator has risen to a high of 60.9. However, there is a noteworthy signal: although the MACD histogram remains bullish, there are signs that the momentum is gradually peaking, indicating that the current upward enthusiasm may be waning.

Interestingly, institutional whales are actively selling their holdings. This usually suggests that institutions are cashing out during the current price strength, hinting that this rally might be nearing its end. On the other hand, a leading exchange offering an annualized return of 11.6% and monthly airdrop incentives is alleviating market selling pressure, providing some fundamental support for AXS. The tug-of-war between institutional selling pressure and incentive support will determine the future direction.

AXS-9.34%

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TradFiRefugee

· 6h ago

107%? Wow, this market move is quite fierce, retail investors are probably getting cut again. --- Institutions are starting to run again, this is a classic signal, friends. --- MACD peaks, whales are selling off, it feels like a correction is coming... --- An annualized return of 11.6% sounds good, but it's not even half of this wave's increase. --- It’s always the same, once the hype dies down, it’s all bagholders. --- Still waiting for 2.03 to break, once it does, it’ll slide straight to the bottom. --- The GameFi hype has faded this round, what’s the next sector again? --- RSI is so high that it was time to reduce positions long ago, now it’s too late to say anything. --- Whale run-off + MACD peak, double signals that don’t lie. --- Airdrop incentives can’t save the market at all, institutions are harvesting the last wave.

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GateUser-c799715c

· 6h ago

107%? Wow, this move is really incredible, but I feel like institutions are actually running... Whales are dumping chips, are they hinting at something to us? MACD has peaked, the enthusiasm is indeed fading. Let's see if we can hold the 2.03 level.

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BrokenDAO

· 7h ago

Behind the 107% surge is another round of harvesting tactics. Institutions quietly building positions at high levels, retail investors following suit—how many times has this story been told... Is it just motivation and support? That thing only treats the symptoms, not the root cause. Once the game balance fails, it's crushing.

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FlashLoanLord

· 7h ago

107%？Is this another trap set by institutions for retail investors? The current sell-off clearly indicates their intention.

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