✅ Technical Setup: Falling Wedge on $AXL (12H Chart)
🔍 Pattern: Falling Wedge
🟢 Signal: Bullish Reversal
📉 Current Trend: Consolidating in a tightening range
📈 Breakout Target: $1.00 (Psychological + structural resistance)
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🔎 Why This Matters:
Falling wedge = historically reliable bullish reversal pattern
Volume is likely to surge on breakout confirmation
If Bitcoin holds or rallies, $AXL could outperform mid-cap peers
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📊 Key Levels to Watch:
Breakout Zone: $0.73 – $0.75
First Target: $0.89
Main Target: $1.00
Invalidation: Close below $0.66 (breakdown risk)
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⚡ Pro Tip:
> Watch for volume confirmation on the breakout. No volume = fakeout risk.
If Axelar integrates with more chains or launches major updates, $1.00 could come faster than expected.