GameFi - 528BTC

Expand Is this $AXS rebound a genuine recovery or just a final, fleeting moment of glory? Today, $AXS rebounded by 10%, prompting many to proclaim "GameFi's triumphant return." Let's start with the good news. $AXS is indeed making waves. The bAXS token economic reform sounds impressive. The MACD golden cross and price breakout above the EMA all look good. But reality is harsh. From January 23rd to now, $AXS has actually fallen 16.82%, from $2.85 to $2.37. This so-called 10% rebound is merely a struggle within an even larger decline. Even more concerning is that the RSI is already at 69.83, nearing overbought territory. The $3 resistance level is firmly in place. Trading volume is shrinking, and the 10-day moving average has dropped 31.63%. Back then, $AXS plummeted from $160 to just over $2, a 98% drop. Countless people lost everything in this game. Now, suddenly, they're saying it's recovering? Who believes it? The GameFi sector, frankly, is a game of musical chairs. When the music stops, the last person holding the "flower" (the last piece of the pie) is the one left holding the bag. The technicals are also contradicting this. The Three Black Crows pattern, the KDJ death cross, and the OBV sell signal all indicate that the sellers are back. I'm not trying to be pessimistic about AXS. If you truly believe in the future of GameFi, you could try a small position around $2. But the cruelest thing about the market is that it gives you hope, then crushes you. AXS is like a seriously ill person; occasional moments of energy make the family think they're recovering. But the doctor knows best what's on the medical record. If you're still fully invested in AXS, I urge you to wake up. The era of GameFi is over; now it's AI and memes. Holding onto an outdated game token is as ridiculous as Nokia waiting for Apple to collapse. The market never lacks stories, it lacks buyers. AXS's story is over; all that's left is the despair of those trapped.