Here's a technical snapshot for $AXL /USDT (Axelar) on the 4H chart:
š AXL/USDT ā 4H Technical Analysis
Current Price: $0.4434
24H Performance: +7.88%
Recent Trend: A sharp bounce after a deep pullback from the explosive rally on June 10.
š Moving Averages:
MA 7: $0.4212 (price just reclaimed it ā early bullish signal)
MA 25: $0.4453 (testing resistance here ā critical short-term decision point)
MA 99: $0.3641 (long-term trend turning upward)
š§ Chart Insights:
Price pumped violently, topping near $0.70, then retraced nearly 40%.
This latest green candle suggests buyer re-interest ā potentially a dead cat bounce or a true reversal base.
Bulls need a close above $0.45ā0.46 to flip the 25MA and confirm momentum continuation.
š Key Levels:
Immediate Resistance: $0.445 ā $0.46 (MA25 zone)
Support: $0.41 ā $0.39 (bounce zone from June 14)
Breakout Target (if strength builds): $0.50+ zone retest
ā ļø Momentum Bias:
Neutral to Bullish ā Holding above $0.44 and pushing through $0.46 could set up a trend reversal, but rejection may lead to consolidation.
ā ļø DYOR ā Do Your Own Research. This is not financial advice. Markets can be volatile ā always trade responsibly!