The post AXL Price Rose 51%; Biggest One Week Gain in Axelar; What Next? appeared on BitcoinEthereumNews.com.

AXL price prediction is a rise in the short run with scope for further upswing. It is forming a bullish pattern and buyers look very aggressive, so the price may hit new highs in the coming months. Axelar price broke out of the $1.00 barrier and displayed a strong bullish candle. Buyers are trying their best to attract more participants in the bull run. If they succeed then it will increase the possibility of sustaining the recent gains.  The 50 day and 200 day EMA is sloping upward indicates the trend of AXL price is upward direction.  However, the price had gone far away from the 50 day EMA and looks mildly overstretched. So, AXL token price may consolidate for some time on the higher levels or might witness minor profit booking.  If price retraces downwards, then the 50 day EMA and $1.00 level will act as an important support. Buyers must be active near the demand and will try their best to bounce. Currently, the price is inside the bulls’ grip with positive momentum. The  pair of AXL/USDT is trading at $1.2264 with a one day uptick of 9.83%. The volume to market cap ratio stands at 8.97%. Will AXL Price Continue to Perform Well in January 2024? Source: AXL/USDT daily chart by TradingView AXL price prediction is bullish for the short term as well for the long term till it holds on to the $1.00 level. The chart pattern looks highly bullish as the bulls continue to dominate. Axelar price behavior is quite volatile which shows that the speculative activities are high. Therefore, investors needs to be careful and wait for minor consolidation above $1.00 before building longs. The technical analysis suggests Axelar crypto price is in an uptrend and the momentum might contine through January 2024. Axelar…

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Filed under: News - @ December 17, 2023 3:00 pm