Axie Infinity
Why Axie Infinity is up 19.1% today
Analysis
Axie Infinity (AXS) rose 19.1% over the past 24h as traders reacted to signs of renewed whale activity following a sharp prior rally, which can add short-term buying pressure. BeInCrypto highlighted that whales appeared to be buying into the move after a 41% run-up, while also noting the possibility that this positioning could precede a pullback risk.
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.