$AXL /USDT Long Setup – Strong Bounce from Support
The $AXL/USDT rally is showing impressive strength, currently trading at $0.5141, a +55.7% gain in the past 24 hours. After dipping to a 24‑hour low of $0.3251, the pair has launched a sharp recovery—demonstrating solid demand at lower price levels.
On the 30‑minute chart, price action is building a bullish structure, sustained above key support zones at $0.4600 and $0.5000. With the most recent swing high at $0.6400, there’s clear potential for another upward push toward the $0.6000–$0.6500 resistance area in the near term.
Technical Drivers Behind the Long Thesis:
A series of higher lows signals early uptrend development.
Elevated volume underpins the bullish momentum.
The $0.4600–$0.5000 range serves as a firm support base.
Key Levels to Watch:
Support: $0.5000 / $0.4600
Resistance/Targets: $0.6000 / $0.6400
Trend: Bullish short‑term outlook
Trade Consideration:
Look for entries on pullbacks into support, with tight stop-loss placement and targets positioned near the established resistance zones. As always, manage your risk carefully.
