$AXL
Axelar (AXL) has seen strong volatility recently, with its price experiencing a surge of 37% in the last 24 hours, bringing it to approximately $0.82. This surge follows a broader trend of positive price movements for AXL throughout the year, as it has been up over 99% year-to-date. However, despite the short-term bullish movement, Axelar’s trend has been neutral to slightly bearish in the past months, with previous corrections after significant gains.
Key technical indicators suggest caution for traders. Axelar’s relative strength index (RSI) is hovering around neutral levels, indicating that the market sentiment is mixed and could swing either way. While the short-term trend shows positive momentum, Axelar still faces resistance around the $0.83 level, and maintaining gains above this point is crucial for further upward movement.
In summary, while Axelar's recent price action looks bullish in the short term, the broader trend remains cautious. Traders should watch for key resistance levels and volume changes to confirm the sustainability of this rally.
