Axie Infinity's $AXS token has broken a key resistance level, reaching a new 2026 high of 2.927, signaling a bullish trend shift. The price surge follows a successful retest of the 2.50–2.46 support zone, indicating strong buyer conviction and momentum. This breakout suggests further upside potential, with targets around 2.98 and 3.02, and possibly extending to 3.11, a historical resistance area. Despite the bullish outlook, momentum indicators show potential for a pullback, as the RSI on the 4-hour chart enters overbought territory. A retracement to the 2.70–2.60 region, or deeper to the 2.50 support, could provide a healthier entry point for new buyers. Market makers may engineer liquidity at current levels, potentially leading to a correction before further gains.