The Axelar (AXL) token saw a big price jump of more than 60% in one day after it was listed on Upbit, a major crypto exchange in South Korea.

📅 What Happened?

  • ✅ Date of Listing: June 10 at 07:00 UTC

  • ✅ New Trading Pairs: AXL/KRW and AXL/USDT

  • ✅ Price Surge: AXL jumped from a downtrend and hit $0.58

  • ✅ Volume Spike: Trading volume rose from $18.65M to $366.43M in 24 hours

  • ✅ Market Cap: Now over $500M, ranked #114 in crypto size

📊 Why the Price Jumped

Before the listing, AXL was stuck in a falling wedge pattern—a bearish setup. But once the Upbit listing went live, the price broke out upward.

📈 What’s Next for AXL Price?

🔺 If Bulls Stay in Control:

  • ✅ Target 1: $0.61 (next resistance level)

  • ✅ Target 2: $0.82 (based on Fibonacci 0.382 level)

🔻 If Buying Slows Down:

  • ⚠️ Support 1: $0.46

  • ⚠️ Support 2: $0.30 (worst-case pullback zone)

📌 Final Thoughts

The Upbit listing gave Axelar a big boost in price, users, and market activity. While the signs are bullish, traders should watch for a possible short-term pullback due to overbought levels.

Disclaimer: This article is for information only. It is not financial advice. Always do your own research before investing in any cryptocurrency.

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