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06/23 10:37

Axie Infinity falls 12% after $1.25 rejection – Bu

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge Axie Infinity falls 12% after $1.25 rejection – But THESE 2 AXS metrics suggestAxie Infinity [$AXS] surrendered a large portion of its recent advance after sellers stepped in near the $1.25 area and pushed the token lower. The asset traded at $1.03 at press time, reflecting a 12.3% decline over the last 24 hours. Despite the retracement, market activity intensified rather than faded. Trading volume climbed 67.3% to $71.34 million, indicating that participants remained highly engaged during the correction. Earlier, $AXS delivered a sharp breakout move that attracted fresh interest across the market. However, the latest decline suggested that many traders secured profits following the rapid rise. Even so, elevated volume showed that buyers and sellers continued battling for control, keeping $AXS among the more actively traded assets in the market. Are spot buyers absorbing the selling pressure? Spot market participants continued showing interest despite the recent decline. According to CryptoQuant analytics, the Spot Taker CVD remained buyer-dominant, revealing that market buy orders continued to outweigh sell orders across the observed period. The trend suggested buyers had not fully stepped away even as the token corrected from its local high. While price moved lower, spot demand remained relatively firm, creating an interesting divergence between market activity and price action. Such conditions often reflect accumulation behavior rather than widespread capitulation. Nevertheless, buyers still faced the challenge of absorbing supply from traders who secured profits during the rally. If spot demand continues strengthening, $AXS could stabilize above current levels. Otherwise, persistent selling pressure could delay any meaningful recovery attempt over the near term.

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