$AXL Today, AXL (Axelar) is showing potential for a bullish trend. With its current price at $0.8006, the token has displayed a steady upward momentum, benefiting from increased interest in cross-chain interoperability solutions. AXL's robust infrastructure and partnerships position it well to capitalize on the expanding decentralized finance (DeFi) ecosystem.
The market sentiment appears optimistic, with traders anticipating further gains if AXL continues to receive traction in its ecosystem development. For short-term traders, the target price to watch would be around $0.8500, indicating potential for a 6% increase. A prudent sell point might be $0.7800, allowing for flexibility in case of minor pullbacks.
However, keep in mind that the cryptocurrency market can be volatile, and continued monitoring of AXL’s network developments is essential to confirm a sustained bullish trend.
