Axie Infinity
Why Axie Infinity is down 17.1% today
Analysis
Axie Infinity (AXS) fell 17.1% over the past 24 hours as traders appeared to take profits and price in pullback risk following a sharp prior run-up. BeInCrypto highlighted that after a roughly 41% rally, whale activity suggested positioning around a potential retracement, which likely contributed to selling pressure and the downside move.
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.