📈🚀 AXELAR (AXL) BREAKS BEARISH TREND. ARE YOU READY FOR THE BULLISH RETURN? 🌉🔥
June is marking a turning point for Axelar (AXL). After months of decline, the token has just broken upwards from a multi-month bearish trend, skyrocketing an impressive +80% in just 24 hours, largely driven by its recent listing on Upbit, one of the largest exchanges in South Korea.
This breakout occurred right after AXL strongly broke the upper trendline of the descending channel that had held it back, accompanied by a significant spike in volume that rose from approximately $18 to $366 million daily. That confluence of volume and technical breakout is often a powerful signal of a trend change.
Why is this a key event?
✅ Breakout from bearish wedge: in technical analysis, this pattern often anticipates a reversal, and AXL confirmed it by breaking its ceiling.
✅ Explosive volume: the jump in volume positions the token in front of a new base of buyers.
✅ Real market catalyst: the listing on Upbit acts as a catapult for the token's visibility and liquidity.
🎯 Recommended strategy: many traders enter after the breakout confirmation. A good entry point may be above the breakout, with a stop-loss below recent support. If history repeats itself, AXL could consolidate in new higher zones.
Of course: high risk, high reward. But this technical signal, combined with a significant listing, could just be the beginning of a new bullish phase for $AXL
👉 You can trade directly from the chart.
