AXL surged 54.33% in a single day, in-depth analysis of news-driven factors
Cross-chain ecosystem breakthrough
Axelar Network recently announced upgrades to cross-chain agreements with multiple Layer 1 public chains (such as Sui and Aptos), achieving one-click dApp integration, significantly enhancing its irreplaceability as cross-chain infrastructure.
Coinbase added AXL perpetual contract trading pair, with liquidity injection expectations triggering market buying.
Staking yield catalyst
Ecosystem staking APY surged to 18.5% (5-7% higher than competitors), attracting whale funds to lock up, with short-term tightening of the circulating supply.
Key technical signals
Volume-price breakout pattern
Single-day volatility of 57.8% (far exceeding the industry average of 15%), closing firmly at 0.5189 USDT, strongly breaking through the key psychological resistance level of 0.50.
MACD histogram expanded by 265% in a single day (0.0174→0.0463), with DIF and DEA exposure widening sharply, forming a 'Flying Dragon Soaring to the Sky' bullish structure.
On-chain data corroboration
24H new holding address increased by 12.7%, top 10 addresses increased their holdings accounting for 18.3% of the circulating volume (data source: on-chain browser), significantly enhancing the main force's control.
Future market projection: pullback after a surge and long-term opportunities
Short term (1-3 days):
Good news realization may trigger profit-taking pressure, if it bounces back and finds support in the 0.48-0.50 range, a bullish defensive line will be formed.
Medium term (1-3 weeks):
Breaking through 0.55 will open up space to the previous high of 0.64 (23% above the current price), which needs to be verified with cross-chain trading volume growth data.
Risk warning:
If the intraday trading volume shrinks by more than 30%, beware of the main force luring buyers to offload, with a stop-loss point set at 0.475 (breakthrough K-line entity bottom).
Strategy suggestion: Do not chase high at the current price, adjust positions near 0.49, and strictly maintain stop-loss. Long-term value anchors on whether Axelar can break through $5 billion in cross-chain TVB in Q3 (currently valued at $3.2 billion). For more insights on potential hundredfold returns in the bull market and daily spot strategies, click my profile and follow me.$AXL #AXL
