Axie Infinity AXS
AXS cycle analysis · chart, confirmed lows and fundamentals
Watch Recovering Phoenix · monthly · score 55 mixed
65.0% below its 365-day high of $2.99 (2026-01-24), +33.7% off the 365-day low. Snapshot 2026-10-21 UTC.
On the Watch.
65% below its rolling 365-day high, 270 days after the high.
Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.
Phoenix monthly: stopped falling by the rules, +30.9% above the Jul 2026 trough. Details below.
Since the previous scan.
Tier, recovering badge and Phoenix state are unchanged between these two observations.
Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.
Recorded timeline →Where it sits in each cycle
a swing low confirms only when a later bar takes out the low bar's highMonthly
- Last bars
- 2Dr 2Dr 2Ug 2Ug 2Ur
- Confirmed low
- $0.8010 · 2026-07-31
- Position
- 3 of median 5 (max 11)
- Current low
- $0.8010 · confirmed
- Cycle-low confidence
- 34% · in band
- Confirmed lows
- 10
Weekly
- Last bars
- 2Ug 2Ug 1r 2Dr 1g
- Confirmed low
- $0.8820 · 2026-09-20
- Position
- 5 of median 5 (max 20)
- Current low
- $0.9662 · unconfirmed
- Confirms above
- $1.27
- Cycle-low confidence
- 53% · in band
- Confirmed lows
- 50
Daily
- Last bars
- 2Dr 2Dr 1r 3g 1g
- Confirmed low
- $0.9662 · 2026-10-18 (daily)
- Position
- 3 of median 5.0 (max 21)
- Current low
- $0.9662 · confirmed
- Cycle-low confidence
- 22%
- Confirmed lows
- 337
The full read, in sentences
- Monthly: forming bar is a red 2-Up. Last confirmed swing low 0.801 (Jul 2026), month 3 of a cycle that has typically run 5. Cycle-low confidence 34%.
- Weekly: forming bar is a green inside bar. Last confirmed swing low 0.882 (Sep 2026), week 5 of a cycle that has typically run 5. Current low 0.9662 is unconfirmed — it confirms above 1.27. Cycle-low confidence 53%.
- Daily: bar is a green inside bar. Last confirmed swing low 0.9662 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 22%.
- Watch: 65% below the 2026-01-24 high; +34% off the 365-day low.
- Phoenix: 94% decline over 28 months, monthly swing low confirmed (next-bar), now +31% above the trough; pullback #2 confirmed 2026-09-27.
- Gauges: Mayer multiple 0.99 (cheap); -77% vs the 200-week average; -99% from the all-time high.
Has Axie Infinity bottomed?
A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the AXS snapshot records on 2026-10-21 UTC:
Monthly: the last confirmed swing low is $0.8010 from 2026-07-31. The current candidate is marked confirmed. The latest monthly bar is still forming.
Weekly: the last confirmed swing low is $0.8820 from 2026-09-20. A newer candidate at $0.9662 is unconfirmed; its confirmation level is above $1.27, provided the candidate low is not undercut first. The latest weekly bar is still forming.
Daily: the last confirmed swing low is $0.9662 from 2026-10-18. The current candidate is marked confirmed.
How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.
How far is Axie Infinity below its high?
The Coinbase price snapshot is 65.0% below its rolling 365-day high of $2.99 from 2026-01-24. Separately, CoinGecko reports -99.4% relative to its all-time high of $164.90 in the fundamentals snapshot pulled 2026-10-21.
Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.
The recorded history
scan observations, not exact transition timesFirst observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.
- First observed: Watch; recovering · Phoenix monthly
Phoenix
stopped falling, by the rules- Peak
- $13.57 · Mar 2024
- Trough
- $0.8010 · Jul 2026
- Decline
- -94.1% over 28 months
- Above trough
- +30.9%
- Monthly
- confirmed (next-bar) · trigger $1.08
- Weekly
- confirmed (next-bar)
- False bottom
- none
- Entry
- pullback #2 low $0.8820 confirmed 2026-09-27 · trigger $1.06
| decline | 30 |
| confirmation | 25 |
| earliness | 0 |
| stale | 0 |
| false bottom | 0 |
| bluechip | 0 |
Fundamentals
| Liquidity (24h volume / market cap) can you get out | 27.52 % | 15.0 / 15 |
| Supply overhang (FDV / market cap) unlocked supply waiting to sell | 1.54 x | 10.9 / 15 |
| Size (market-cap rank) survivorship | 183 # | 3 / 15 |
| Usage (price / annualized fees) fees people actually pay to use it (DefiLlama) | 134.4 x | 7.3 / 20 |
| Fee momentum (30d vs prior 30d) is usage growing into the recovery | 16.4 % | 6.6 / 10 |
| Age on Coinbase survived a cycle | 5.2 yrs | 10.0 / 10 |
| tvl | could not look — no source data | |
6 of 7 measurable; score renormalized over what was measurable.
- Market cap
- $220.6M
- Fully diluted
- $340.7M
- 24h volume
- $60.7M
- Circulating
- 174,806,933 of 270,000,000 max
- All-time high
- $164.90 · 2021-11-06 (-99.4%)
- TVL
- $0 (protocol)
- Fees 30d
- $134.8K
- Revenue 30d
- $131.0K
- Fees 1y
- $1.5M
- Mayer multiple
- 0.989 · cheap
- vs 200-week avg
- -77.3%
- Pi cycle
- 0.43
- On Coinbase since
- 2021-08-12 (1897 bars)
- CoinGecko id
- axie-infinity
Continue your cycle research
How to read a crypto cycle chart · Calculation rules and sources