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.

Source