Axie Infinity (AXS) is currently trading at $2.32, reflecting a 24-hour decline of 1.78%. The price has experienced a daily range of $2.30 to $2.38, indicating a relatively narrow volatility profile with a low percentage change of 0.08%.

The trading volume stands at approximately $40.5 million, which constitutes 10.49% of its market cap, suggesting moderate trading activity. However, the hourly moving averages indicate a bearish trend, with the 8 SMA at $2.34 (-0.92%) and the 55 SMA significantly lower at $2.41 (-3.81%).

The 1-hour RSI is at 41, signaling a potential bearish momentum, while the 7-day RSI of 50 indicates a neutral stance in the short-term. Over the past week, AXS has shown a price increase of approximately 0.71%, with a more significant 14-day change of 2.97% and a 30-day increase of 3.43%, suggesting some recovery in the longer term.

Despite the recent price decline, AXS remains far below its all-time high of $164.90 reached in November 2021. This stark difference highlights the ongoing challenges Axie Infinity faces in regaining previous highs, coupled with prevailing market conditions.

Given the current technical indicators, including bearish moving averages and an RSI suggesting weak momentum, the outlook for AXS appears cautious. Therefore, a Hold rating is recommended, as investors should closely monitor for signs of stabilization or further declines before making new positions.