Axelar $AXL Update: Fighting for Momentum at $0.068
Axelar (AXL) is showing signs of a tentative recovery today. After a volatile start to the month that saw the price dip toward the $0.060 level, AXL is currently attempting to establish a stable base as interoperability demand remains a key focus for the market.
📊 Market Snapshot
Current Price: $0.067 – $0.070 (Bouncing from recent lows).
24h Trend: +3.5% to +5.2% recovery across major exchanges.
Volume: $44M, reflecting increased trading activity as the price attempts to reclaim the $0.070 mark.
📉 Support & Resistance
Critical Support: $0.060 – $0.061. This is the 52-week "floor." A break below this would signal further price discovery to the downside.
Next Resistance: $0.072 – $0.075. Reclaiming this zone is the first step toward neutralizing the current bearish trend. A stronger ceiling sits at $0.085.
💡 Strategy
The "Dip" Buy: Investors are eyeing the $0.062 - $0.065 range as a high-value accumulation zone for long-term holds.
Momentum Watch: Traders are looking for a 4-hour close above $0.072 to confirm that the local bottom is in.
Sentiment: The Fear & Greed Index for AXL is currently showing "Fear," which historically can present a contrarian buying opportunity for patient holders.
