Cryptocurrency News
Axie Infinity V-shape recovery fizzles as AXS price drops 20% from three-week high
2022.06.01 13:46
Axie Infinity V-shape recovery fizzles as AXS price drops 20% from three-week high
Axie Infinity (AXS) price dropped sharply on June 1, suggesting that its supersonic gains in the last two days might have been a part of a bear market rally.
The AXS/USD pair soared 54% week-to-date to over $28 on May 31, its highest level in three weeks. But Axie Infinity price failed to hold the gains, correcting by more than 21% to $22 while raising the possibility of more downside to come.
