Axie Infinity continues to face rejection. Are buyers giving up?

Axie Infinity token lost 6.60% on Thursday despite previous gains
Axie Infinity has been recording increasing activity on the platform
The token faces resistance at the 50-day moving average
After strong gains, Axie Infinity’s (AXS/USD) price is weakening. The token traded down by 6.60% in 24 hours, despite retaining a 16% weekly surge. As CoinJournal reported, Axie Infinity’s bullishness reflected increasing activity on the blockchain.
The increased activity on the play-to-earn