$AXL / Usdt is showing strong bullish signals, with several analysts predicting a potential surge. Here are some key points to consider:
- *Current Price*: $0.5250 USDT, with a 0.34% increase in the past 24 hours.
- *Technical Analysis*: AXL has broken out of a falling wedge pattern on the daily timeframe, indicating a strong reversal. The 2D chart also shows a strong bullish candle with an 11.48% daily gain.
- *Targets*: Some analysts predict the price could reach $0.73, representing a 95.47% gain. Other potential targets include $0.4209, $0.4755, $0.5431, $0.6025, and $0.7051.
- *Support and Resistance*: The price is currently above the MA50 on the daily chart, and maintaining this level is crucial for the bullish trend. Support levels include $0.3360, while resistance levels are at $0.3837 and above.
- *Risk Management*: It's essential to use a tight stop-loss, potentially at $0.3600, to limit potential losses.
Some analysts also suggest ¹:
- *Buy Position*: Consider buying AXLUSDT, either now or on breakout, with a stop loss at $0.3600 and a target of $0.4950.
- *Risk-Reward Ratio*: 1:2.5, with a recommended risk of 1%.
Keep in mind that cryptocurrency markets are highly volatile, and it's crucial to study all available statistics before making a decision.