Axie Infinity V-shape recovery fizzles as AXS price drops 20% from three-week...

Axie Infinity V-shape recovery fizzles as AXS price drops 20% from three-week...

Strong correlation with Bitcoin and traditional markets continue to pull Axie Infinity price lower. 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.AXS/USD daily price chart. Source: TradingViewTrading behavior witnessed in the last 24 hours....


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