Journalist
Posted: September 1, 2025
Key Takeaways
A surge in trading volume for popular altcoins on South Korean exchanges on Sunday contributed to the 10% rally in Axie Infinity’s price. However, at the time of writing, it appeared unlikely that this rally would continue.
Axie Infinity [AXS] saw a tremendous spike in daily trading volume on Sunday, 31 August. This was explained by the surge in trading volume for many popular altcoins, including the likes of Ethereum [ETH] and XRP, on South Korean exchanges like Upbit and Bithumb.
In fact, AXS saw $423 million in daily trading volume on 31 August. This was an almost 15x increase on the average trading volume of around $30 million the previous week.
Volume surge not enough for AXS to establish an uptrend
Source: AXS/USDT on TradingView
Since April, Axie Infinity has traded within a range that has extended from $2.1 to $3.42. Marked in purple, the mid-point of this range was at $2.76. During Sunday’s price surge, AXS gained by 10% to close the day’s trading at $2.52.
Earlier in the day, the rally climbed to as high as $2.8, but the bears forced the buyers to retreat from the mid-range resistance. This was a sign that Axie Infinity would now trend towards the $2.1 support zone in the coming days.
The A/D indicator has slumped over the past few days too, reflecting seller dominance. Despite the flurry of buying on Sunday, the A/D indicator’s course did not shift bullishly.
The Awesome Oscillator made a bullish crossover above the zero line, underlining a momentum shift. Traders should be wary of this signal. The $2.51, $2.65, and $2.77 resistance levels appeared to be the local obstacles for AXS at press time.
A rally beyond these hurdles would require bullish conviction and steady buying pressure. Thanks to the market-wide bearishness, an AXS rally might be difficult in the coming days.
Finally, the 1-month liquidation heatmap highlighted that the $2.4 area was a short-term liquidity cluster that could halt the bearish momentum. However, it was sparsely populated, compared to the magnetic zone at $2.1-$2.2.
The range formation and the liquidation heatmap revealed that buying AXS in this demand zone would be viable.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories. His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity. Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution. As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.