$AXS Technical Analysis and Price Forecast:

Axie Infinity holds above the 200-day Exponential Moving Average (EMA), which is sloping higher, while the 50-day EMA exceeds the 100-day, signaling an improving short-term bias. 

AXS should clear the 78.6% Fibonacci level at $2.640, measured from the May 14 high of $3.707 to the December 17 low of $0.759, to put $3.707 back on the map.

Technical indicators on the daily chart corroborate a buy-side bias after the recent rally. The Moving Average Convergence Divergence (MACD) line is above the signal line and above zero, with a modestly positive histogram that suggests buyers retain momentum. The Relative Strength Index (RSI) at 65 is bullish and is shy of overbought territory. 

In case of pullbacks, initial support aligns at the 200-day EMA at $1.807, with the 100-day at $1.468 and the 50-day at $1.501 underpinning the broader base.