- AXS surged greater than 15% after bouncing off the $1.20 help amid elevated buying and selling exercise.
- Though bAXS rollout and elevated manufacturing have fueled the rally, general market sentiment stays weak.
- A failure above $1.60 may sign a useless cat bounce, with draw back danger in the direction of $0.80.
Gaming token Axie Infinity has risen over 15% previously 24 hours as bulls level to a notable rebound from the $1.20 help degree.
AXS’s worth rose amid elevated dealer exercise, with an intraday surge that pushed the cryptocurrency nearer to getting into the highest 100 market cap.
However with general market sentiment remaining fragile, the massive query is whether or not this rally alerts one other bullish momentum or only a short-term “useless cat rally.”
Why is Axie Infinity worth rising in the present day?
AXS is without doubt one of the high gainers amongst altcoins, posting double-digit positive aspects on February 9, 2026, and outperforming all the highest 10 cash by market capitalization.
This outperformance coincides with Bitcoin holding regular above $70,000, supported by new institutional shopping for, together with the acquisition of 4,225 BTC by Binance, which is changing its $1 billion SAFU fund into BTC.
Just like Technique (beforehand generally known as MicoStrategy) BTC purchases over the previous few weeks, this buy didn’t set off a bull run, however the stability benefited the small-cap altcoin.
Dealer curiosity in AXS has additionally surged, particularly following current bulletins from Axie Infinity developer Sky Mavis relating to the deployment of bAXS.
The token provides not solely staking and gameplay rewards, but additionally utility throughout the ecosystem, and bulls have been excited for the reason that information.
What’s bAXS? What can I do with bAXS?
bAXS does the identical factor as AXS. Use this to ascend, evolve, and breed Axis.
You may spend it in-game or forge new gadgets in App.axie.
Over time, most rewards may also be distributed in bAXS.
The variations between each tokens are: pic.twitter.com/X8kcpNTlGf
— Axie Infinity (@AxieInfinity) February 5, 2026
Axie Infinity worth outlook: momentum or useless cat bounce?
AXS not too long ago soared to a excessive of almost $3 in the beginning of the 12 months, however fell sharply final week amid market turmoil.
Subsequently, the intraday rally of over 15% inspired the bulls who’re bullish above $1.50.
Following a 250% surge in buying and selling quantity, AXS has surged above $1.56 on the time of writing.
The 4-hour chart exhibits room for additional upside in RSI and MACD signaling, indicating a attainable breakout of the descending wedge.
Nonetheless, the broader crypto market stays mired in bearish sentiment.
Regardless of the approaching bAXS airdrop, the bears had been additionally seen retesting the downtrend line above $4.54.
A loss may imply a short lived achieve, or it may imply what analysts name a “useless cat bounce” situation.
The RSI outlook on the 4-hour chart means that recent promoting may strengthen this outlook.
On this case, a break beneath the essential help at $1.20 may speed up draw back momentum and ship AXS towards the lows of $0.80.
The earlier accumulation zone is right here and should present aid.
On the draw back, a decisive shut above $1.60 may invalidate any short-term bearish setup and permit consumers to check the horizontal resistance close to $3.00.