AXS this wave of market activity is indeed interesting. Starting from a low of $0.9 in mid-January, it surged 47% in just 7 days, and yesterday's 24-hour increase even reached 45%. Trading volume also skyrocketed, with daily average transactions soaring to the $380 million level, showing a clear influx of capital.

From a technical perspective, the signals are quite clear—the classic pattern of volume breaking through the downward channel at a low point has appeared, and the RSI golden cross is in place. Coupled with short-term capital and contract longs' pursuit, this rebound doesn't seem to be fake.

But what truly deserves attention is the project's own actions. Founder JiHo started signaling at the end of last year that this year will adopt an "aggressive strategy" to revitalize the ecosystem. Recently, the Axie Score incentive experiment officially launched, and the inflation of SLP has been significantly reduced—these all point in one direction: the project team is serious about ecosystem restoration.

There are also two key timelines. The Ronin chain aims to complete the migration to L2 in Q2 this year, and a new MMO game is also under development. From a narrative perspective, the story of "Axie rebirth" is still being written.

The GameFi sector is currently rotating, and AXS, as a veteran leader with governance attributes, has become a safe haven for many funds. In the short term, the $1.2 support level is quite critical. In the longer term, if user re-engagement truly begins, there is still considerable upside potential.