$AXS is showing a bullish-to-neutral setup, supported by strong ecosystem news and positive market attention.
Price is holding above the 20-day moving average, which suggests short-term strength, and it’s also outperforming BTC on the daily move.
The upcoming bAXS airdrop and the Terrariums game launch are clearly driving interest and keeping sentiment positive.
At the same time, volatility is elevated.
Open interest is rising fast, which means a lot of leveraged positions are building up. This can help momentum continue, but it also increases the risk of sharp pullbacks if sentiment cools.
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