$AXL /USDT EXPLOSIVE BREAKOUT – CAN IT HOLD GAINS?
$AXL is currently trading at $0.4466 (+15.64%), after a strong surge that pushed the price to a 24H high of $0.4773. However, a rejection near the high suggests possible consolidation or retracement.
Key Levels to Watch:
Resistance: $0.4607 – $0.4773
Support: $0.4393 – $0.4178
Potential Scenarios:
✅ If $AXL holds above $0.4400, it may attempt another move toward $0.4600-$0.4700.
❌ A break below $0.4390 could lead to a correction toward $0.4180-$0.4000.
Indicator Insights:
Parabolic SAR (0.4744) is above the price, indicating a potential slowdown in momentum.
Volume confirmation is crucial for sustaining the breakout.
🔎 Conclusion: AXL has shown strong bullish momentum, but it must hold $0.4400 to continue higher. A failure to do so could result in a short-term pullback.