Axie Infinity Price Outlook: AXS Bulls Eye a Rebound to $2.94 as the Open Interest Spikes

Highlights:

• Axie Infinity price is exchanging hands at $2.56, marking a 6% increase today.
• This comes as the ecosystem and gameplay rewards of the game are shifted to an app token form of AXS, named bAXS.
• The Axie Infinity price shows strong bullish momentum, as AXS bulls eye a rebound to $2.94 soon.

The Axie Infinity(AXS) price has increased a whopping 6.47% to trade at $2.56. Notably, the daily trading volume has soared about 20% to $655 million, indicating heightened market activity. On the other hand, the derivatives market shows an increase in retail demand, pumping the AXS futures Open Interest to a three-year high.

Meanwhile, the founder of Axie Infinity, Jeffrey Zirlin, has stated that the ecosystem and gameplay rewards of the game will be shifted to an app token form of AXS, named bAXS. The new bAXS will have mechanisms comparable to those of AXS. This is where there will be an added variable fee, paid to the treasury, and a charge to the seller of the token. Such charges will be lowered on people with greater Axie scores and assist in mitigating the economic problems within the game.

This year we'll be transitioning $AXS rewards in @AxieInfinity into an app token version of AXS (bAXS)

This token will be able to spent in Axie core and staked. The twist is that we'll be integrating Axie reputation, the Axie score, into the selling mechanic.

There will be a… pic.twitter.com/syBwMnFRz8

— Jihoz.ron (@Jihoz_Axie) January 14, 2026

On the derivatives side, the new bAXS token launch has brought capital flow into the AXS futures. This has pushed the Open Interest to its highest point of $189.52 million on Saturday, compared to about $14 million on January 1. As of writing, AXS OI is at $144.52 million, having hit a low not seen since May 2022. This influx of the notional value of outstanding AXS contracts is an indication of more investor confidence in the gaming token.

Axie Infinity Price Eye a Rebound to $2.94 Soon

The Axie Infinity price has surged 6% in the last 24 hours to trade around $2.56. Technical indicators suggest that AXS may be building momentum for a stronger upside move, supported by improving market sentiment and growing institutional interest.

On the daily chart, AXS price saw a parabolic rise, hitting the $2.94 level, before early profiteering took place to current price levels. The price recently bounced off a well-defined major support zone around $1.23-$1.79, which has repeatedly acted as a demand area. 

The momentum indicators are favourable, as the Relative Strength Index (RSI) on the daily timeframe has climbed to 64.86. This strengthens the bullish outlook, while still remaining below overbought conditions. The MACD also shows a bullish crossover, encouraging traders to rally behind AXS.

The current price action also shows that the Axie Infinity price is still bullish, as they eye higher levels. A decisive close above the $2.64 zone could confirm a bullish continuation pattern. This could further open the door for a rally toward the next key resistance at $2.94. Beyond that, if the bullish momentum spikes, the buyers could eye a higher level at $3.20.

Conversely, if the bears step into the market, the immediate support zone lies around $2.36, cushioning against further downside. A break below this area could see a short-term pullback toward $1.79. However, the broader outlook would remain bullish as long as the price stays above the major support zone.