The GameFi sector is on fire, but be careful! because Axie Infinity just hit a glass wall at 3 dollars that could send the price of AXS to a much lower floor if we’re not careful. 🛑🎮
How are we, family? If you thought that the road to the moon of Axie was a straight line, the market just gave us a reality check. Look, here’s the thing: AXS was coming in with incredible strength, rising 10% in the last week and erasing losses that it had been carrying since September 2025. The transaction volume is through the roof, levels we haven't seen in two years, but here is where the cold analysis comes in: even though there are a lot of people trading, the price couldn't close above the key resistance of $2.92. 📉
To make it easy to understand, it's like the engine is at full power but the car can't climb the hill. Technically, we have what we call a "bearish divergence" in the RSI. This means that while the price tried to rise, the buying strength began to weaken. If you add to that that Bitcoin is flirting with dropping below $90,000, the scenario becomes tense. 🥶
What comes next? Experts and Fibonacci charts indicate that AXS could drop to $1.87, and even, in a heavier scenario, seek the $1.23 zone. We are talking about a retracement risk of almost 30%. If you are one of those who trades long-term (swing trader), the smartest move right now is not to chase the price but to wait and see if that support zone holds or if the token can break strongly and close above $3.00 before putting in another dollar. 💸
Euphoria is good, but in the crypto world, patience often pays off much better than haste. Right now, Axie is a game of waiting and watching the movements of the big players. 🕵️♂️
Do you think this pullback is just a necessary breather for Axie to gain momentum towards new highs, or are we witnessing the beginning of a prolonged winter for the leading GameFi token?$AXS