Last 6 Hours’ Biggest Movers Watchlist: AXS, FTT
Axie Infinity (AXS) +8.27%
Axie Infinity’s AXS has been in focus after commentary around a “falling wedge” setup and a broader “ecosystem reset” narrative that includes the introduction of bAXS and changes affecting SLP. Those headlines helped pull attention back to the token as traders looked for a technical rebound and a fundamentals-driven catalyst.
#AXS is the governance token for Axie Infinity, a blockchain game ecosystem that has historically been sensitive to token-economy changes. Recent coverage points to an “ecosystem reset”—including bAXS and halting SLP-related dynamics—as the key storyline, alongside a falling-wedge technical framing. Separately, reported on-chain activity cited a 12% rise in active wallets and a 9% increase in another on-chain metric (as referenced in the provided snippet), which can reinforce short-term bullish sentiment when it aligns with a technical pattern narrative.
Near term, AXS can stay bid if traders continue to treat the wedge narrative and ecosystem changes as a credible turnaround signal. However, because the move is heavily headline- and setup-driven, follow-through likely depends on whether the reset translates into sustained activity rather than a one-off spike. My estimate: more likely to stall or pull back after the initial surge unless the ecosystem-reset momentum continues to show up in on-chain engagement.
Detailed technical indicators analysis for AXS/USDT:USDT
AXS/USDT:USDT – Score: 10, Price: 1.556
Scalping Potential: High, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 6
Entry condition analysis
- RSI Zone: Good entry zone
- Pullback: ❌ None
- Support Bounce: ❌ None
- Volume Pattern: ⚪ Neutral
- Risk/Reward: ⚪ Fair
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: 🚀 Breakout
⚠️ Warning signals
- 🟠 Volume Confirmation Missing (Medium Risk, 1h): Strong price movement without volume confirmation on 1h chart
- 🟠 Resistance Proximity (Medium Risk, 1h): Price is near resistance without sufficient volume for breakout on 1h chart – Resistance at: 1.55400000 (0.13% away), 1.53700000 (1.22% away)
- 🟡 MACD Divergence (Low Risk, Multiple): MACD is bullish on 1h but not on 15m chart, short-term momentum may be fading
Timeframe analysis
— 15m Timeframe (Score: 6) —
- RSI: 65.17 (rising, neutral) – Bullish
- MACD: Histogram: -0.00023390162798436 – Neutral
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 3.7435739743868 above average – Bullish
- S/R: Confirmed Breakout! (Price + and + volume) – Confirmed Breakout
— 1h Timeframe (Score: 4) —
- RSI: 64.17 (falling, neutral) – Neutral
- MACD: Histogram: 0.0039539571077589 – Bullish
- Moving Averages: Price Above Short MA: Yes – Bullish
- Volume: 0.93193021656143 above average – Neutral
- S/R: Near Resistance – Resistance
FTX Token (FTT) +8.1%
FTT surged after an unlikely social catalyst: a terse “gm” posted from Sam Bankman-Fried’s account, which multiple reports say triggered a rapid spike (with headlines citing moves ranging from roughly +18% in 24 hours to nearly +60% within minutes). Separately, coverage also referenced a “rare move” by FTX that contributed to a sharp jump, but the clearest immediate trigger in the provided facts is the SBF-account post.
#FTT is the exchange token historically associated with FTX, and it remains extremely headline-sensitive given the platform’s collapse and ongoing market skepticism. The latest burst of upside appears driven more by social-media reflex and thin liquidity dynamics than by a durable fundamental re-rating. Commentary in the provided feed also highlights skepticism around token burns as a bullish signal in failed projects, underscoring how quickly sentiment can flip back bearish.
Given the catalyst is largely a viral post rather than a verified, lasting fundamental development, the risk of a sharp retracement is high once the initial momentum fades. Unless additional confirmed news sustains interest, the move looks prone to mean-reversion. My estimate: more likely to fall back than continue rising after the spike.
Detailed technical indicators analysis for FTT/USDT:USDT
FTT/USDT:USDT – Score: 4, Price: 1.59
Scalping Potential: Low, Confidence: Low
⚫ Entry Rating: Poor, Best Timeframe: 15m
Bullish Signals: 0
Entry condition analysis
- RSI Zone: Poor entry zone
- Pullback: ❌ None
- Support Bounce: ❌ Weak
- Volume Pattern: ❌ Poor
- Risk/Reward: ❌ Poor
- Trend Change Signals: ❌ None
- Bullish Divergences: ❌ None
- Price Pattern: ❌ None
⚠️ Warning signals
- 🔴 Extreme Overbought RSI (High Risk, 15m): RSI is extremely overbought (100.00) on the 15m chart, high reversal risk
- 🔴 Extreme Overbought RSI (High Risk, 1h): RSI is extremely overbought (100.00) on the 1h chart, high reversal risk
- 🟠 Volume Confirmation Missing (Medium Risk, 15m): Strong price movement without volume confirmation on 15m chart
- 🟠 Volume Confirmation Missing (Medium Risk, 1h): Strong price movement without volume confirmation on 1h chart
- 🟠 Resistance Proximity (Medium Risk, 15m): Price is near resistance without sufficient volume for breakout on 15m chart – Resistance at: 1.59000000 (0% away), 1.59000000 (0% away), 1.59000000 (0% away)
- 🟠 Resistance Proximity (Medium Risk, 1h): Price is near resistance without sufficient volume for breakout on 1h chart – Resistance at: 1.59000000 (0% away), 1.59000000 (0% away), 1.59000000 (0% away)
Timeframe analysis
— 15m Timeframe (Score: 2) —
- RSI: 100.00 (flat, overbought) – Neutral
- MACD: Histogram: 0 – Neutral
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 0 above average – Neutral
- S/R: Near Support – Support
— 1h Timeframe (Score: 2) —
- RSI: 100.00 (flat, overbought) – Neutral
- MACD: Histogram: 0 – Neutral
- Moving Averages: Price Above Short MA: No – Neutral
- Volume: 0 above average – Neutral
- S/R: Near Support – Support
