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The overall market has been moving neither too fast nor too slow recently. In this quiet period, you'll notice some coins becoming "active" in the shadows. The gaming sector tokens are taking turns, and AXS's performance this time is quite eye-catching — soaring over 20% in a single day, jumping from around $1.1 to $1.44. Trading volume has also increased, clearly signaling to the market.
This kind of surge is quite intriguing. Is it really trying to lift everyone up? Not necessarily. It often resembles fireworks suddenly exploding in silence, forcefully reminding you: "I'm still alive." Especially for those coins that once were popular but have been in long-term stagnation, such moves are needed from time to time to maintain interest and keep holders who haven't completely abandoned ship.
The surface reason for AXS's rise this time is quite solid: the ecosystem has launched the new bAXS feature, and the game itself is about to undergo a season update. Positive news supports the upward move, and technically, the moving averages are aligned in a bullish pattern, suggesting there's a basis for the rally. But if you look deeper into the market details, things get subtle. The RSI has entered overbought territory, and you can also sense large funds exiting at high levels — this is a classic short-term rebound pattern: quickly pushing prices up to attract FOMO, followed by a likely correction or consolidation.
So you often see this cycle: during the rise, enthusiasm is high, and the discussion forums are full of cheers like "It's taking off." Many fear missing out and rush in. But once you follow in, the sentiment starts to deflate, leaving you at the high point. Relying on it to keep climbing and solve your position? That's clearly overthinking. Staying vigilant is always more valuable than blindly chasing highs.