Axie Infinity
Why Axie Infinity is down 2.0% in the last hour
Analysis
Axie Infinity (AXS) slipped about 2% over the past hour as traders digested signs of potential near-term pullback risk following a sharp prior rally. BeInCrypto flagged that whale activity may be “buying into” a post-rally dip after AXS surged roughly 41%, which can coincide with profit-taking and short-term volatility.
Contributing Factors (1)
Did Axie Infinity (AXS) Whales Just Buy Into a Pullback Risk After a 41% Rally?
The Axie Infinity price has pulled back, but the bigger question is why whales are buying now. Since breaking out on January 21, the AXS price surged roughly 41%, hitting a wall near $3.00. The rally...
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.