axe320

$AXS
The AXS price surged and is holding key levels, more than any GameFi token, indicating an improved trader engagement and liquidity rotating within the ecosystem. The volume has been rising consistently for the past few days, marking highs over $435 million. The web 3 gaming is getting attention again and with a strong move, the attention is now concentrated on the AXS price and whether the next move could be above $2.5 or not?
The latest upswing has pushed the AXS price within an important resistance zone between $2.04 and $2.14, while a surge may help the token to enter the demand range. The CMF displays a strong upswing, suggesting the price is closing near highs, and the volume is supporting the move. Besides, A/D is also supporting the bullish narrative, as the buyers are absorbing the supply, while the sudden vertical move signals heavy buying.
These indicators combined suggest there is a significant influx of liquidity and the traders are accumulating rather than booking profit.

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