Axie Infinity (AXS) is currently priced at $3.21, showing a 3.07% increase over the last 24 hours, which indicates a potential upward momentum. The daily range is relatively tight at 0.16%, reflecting a stable price action with the 24-hour high matching the current price, suggesting bullish sentiment among traders.

Volume stands at approximately $41.2 million, equating to a Vol/Market Cap ratio of 7.96%, which is indicative of healthy trading activity. The short-term moving averages are also trending positively, with the 8 SMA at $3.13 and a notable increase of 2.46%, confirming that the momentum is favoring buyers.

The Relative Strength Index (RSI) readings are currently elevated, with the 1-hour RSI at 69 and the 7-day RSI at 68, which may indicate that AXS is nearing overbought territory. However, the price change metrics over the last 7, 14, and 30 days (37%, 27%, and 31% respectively) show a robust bullish trend, which could sustain further upward movement if supported by continued demand.

Despite the positive trends, the significant disparity between the current price and the all-time high of $164.90 remains a critical factor. AXS still faces challenges in breaking previous resistance levels, particularly as it approaches psychological barriers in the broader market context.

Given the technical indicators suggesting strong upward momentum but with RSI nearing overbought conditions, the recommendation for AXS is to Hold. This allows investors to maintain their positions while closely monitoring for either a correction or further bullish signals that could justify a Buy.