$AXS
Axie Infinity (AXS) is currently trading in a high-volatility zone following a dramatic "January Rollercoaster." As of today, February 2, the token is priced at approximately $1.73, attempting to find stable ground after a sharp correction from its 2026 peak of $2.927 reached on January 23.
Technical Analysis
Trend: Short-term Bearish. After a massive 200% monthly surge in early January, the price has entered a cooling-off phase. It is currently testing the psychological support at $1.70.
Key Resistance & Support:
Resistance: Immediate resistance is at $2.50 (the previous breakout point) and $2.93 (the 2026 high).
Support: If the $1.70 floor fails, the next major historical support sits at **$1.57** and $1.46.
Indicators: The RSI has cooled down to 42 from an overbought 80+ in late January, suggesting that the "exhaustion" of the rally is settling. The 200-day EMA is acting as a long-term dynamic support level around $1.09.
Fundamental Drivers
Strategic Consolidation: Developer Sky Mavis recently announced the permanent shutdown of the original "Classic" (V2) version of the game, effective June 2026. This move consolidates all resources into Axie Infinity Origin, which is seen as a long-term positive for the ecosystem's development efficiency.
Tokenomic Reforms: The launch of bAXS and the halting of SLP emissions have significantly reduced inflationary pressure. This "supply shock" was the primary engine behind the mid-January rally.
Market Sentiment: Despite the price drop, sentiment remains cautiously bullish (70% bullish in sentiment polls), though the broader market "Fear & Greed Index" is currently at 14 (Extreme Fear), which may limit immediate upside potential.
Axie Infinity (AXS) Price Candle Chart (January 2026)
The chart below tracks the massive spike and subsequent correction of AXS during the first month of 2026.
Axie Infinity (AXS) is currently trading in a high-volatility zone following a dramatic "January Rollercoaster." As of today, February 2, the token is priced at approximately $1.73, attempting to find stable ground after a sharp correction from its 2026 peak of $2.927 reached on January 23.
Technical Analysis
Trend: Short-term Bearish. After a massive 200% monthly surge in early January, the price has entered a cooling-off phase. It is currently testing the psychological support at $1.70.
Key Resistance & Support:
Resistance: Immediate resistance is at $2.50 (the previous breakout point) and $2.93 (the 2026 high).
Support: If the $1.70 floor fails, the next major historical support sits at **$1.57** and $1.46.
Indicators: The RSI has cooled down to 42 from an overbought 80+ in late January, suggesting that the "exhaustion" of the rally is settling. The 200-day EMA is acting as a long-term dynamic support level around $1.09.
Fundamental Drivers
Strategic Consolidation: Developer Sky Mavis recently announced the permanent shutdown of the original "Classic" (V2) version of the game, effective June 2026. This move consolidates all resources into Axie Infinity Origin, which is seen as a long-term positive for the ecosystem's development efficiency.
Tokenomic Reforms: The launch of bAXS and the halting of SLP emissions have significantly reduced inflationary pressure. This "supply shock" was the primary engine behind the mid-January rally.
Market Sentiment: Despite the price drop, sentiment remains cautiously bullish (70% bullish in sentiment polls), though the broader market "Fear & Greed Index" is currently at 14 (Extreme Fear), which may limit immediate upside potential.
Axie Infinity (AXS) Price Candle Chart (January 2026)
The chart below tracks the massive spike and subsequent correction of AXS during the first month of 2026.