đ AXL/USDT Chart Analysis - Bullish Breakout Imminent! đ
đč Current Price: $0.8934 (+4.17%)
AXL/USDT is showing strong bullish momentum, with the price nearing the $0.90 resistance. The upper Bollinger Band is expanding at $0.9021, indicating potential volatility and upward movement.
đ RSI Heading Towards Overbought
The RSI(6) is at 69.63, signaling strong bullish pressure but nearing overbought territory. The RSI(12) at 63.87 supports a continuation of the current trend before a possible retracement or consolidation.
đ MACD Momentum Positive
The MACD line (DIF: 0.0212) remains above the signal line (DEA: 0.0182), reflecting positive momentum, though the gap is narrowing. Buyers should stay cautious as a potential cross could indicate a pullback.
đ Volume Surge
Thereâs been a notable increase in volume, suggesting that bulls are still in control. Buyers appear to be stepping in around the $0.78 support level, pushing the price up towards key resistances.
đź Docâs Prediction: Breakout Ahead?
AXL is testing resistance at $0.90 and could potentially break through, targeting the previous high of $0.9262. If this level is surpassed, the next target could be around $0.95. Immediate support lies at $0.7786 for any correction.
AXL is heating up, with $0.95 in sight! đ„
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