Brothers, the AXL market is too fierce this time! It skyrocketed from a low of 0.3174 all the way up to 0.5700, an increase of nearly 80%. Now it has pulled back to 0.5415, is it an opportunity or a trap? Today we will break down the technical and news aspects in the simplest language, allowing you to see at a glance whether AXL will rise or fall in the future!



Technical Analysis: Key signals have appeared!

Bollinger Bands Reveal Secrets:

Current price is close to the upper Bollinger Band, indicating short-term strength, but be cautious of overbought risks!

The middle band support is around 0.45, and if it breaks below, it might pull back to here.

Key Price Level:

Strong Support: 0.45 (middle band) + 0.3174 (previous low), be careful if it breaks below!

Strong Resistance: 0.5700 (previous high), if broken, the next target is 0.7!

Indicator Signals:

MACD Golden Cross: Daily level buying pressure is still strong, but there are signs of a death cross on the 4-hour chart, short-term may be volatile.

RSI 65: Approaching the overbought area, if it rises above 70, be wary of a pullback!

Conclusion: The technical aspect is bullish in the short term, but beware of a high pullback, key to see if 0.57 can break through!

News: Is there favorable support?

Cross-chain Sector Explosion:

AXL focuses on cross-chain interoperability, and recently chains like Polygon and Arbitrum are active, driving demand!

If the Bitcoin ecosystem (like Runes) continues to thrive, cross-chain projects will become more popular!

Cooperation and Listing Benefits:

Recently listed on several second-tier exchanges, increasing liquidity, making it easier to pump.

The team is conducting AMAs, possibly releasing news on new collaborations.

Market Environment Impact:

If Bitcoin stabilizes at 70,000, the altcoin season may come, and low market cap coins like AXL are likely to take off!

But if the market crashes, AXL may also follow suit.

Future Prediction: Soaring or Plummeting?

Short-term:

If it can stabilize above 0.55, it may challenge the previous high of 0.57, or even 0.6!

If it breaks below the 0.45 support, it may retest around 0.4.

Mid-term:

If the cross-chain sector heats up, AXL could double to $1!

If the market crashes, it may fall back to 0.3.

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$AXL