As of today, Axelar (AXL) is facing a mix of bullish and bearish signals. Currently trading at approximately $0.78, AXL has experienced a slight decline of around 1.85% in the last 24 hours. Over the past month, there has been some positive movement, indicating potential growth, with forecasts suggesting a possible increase of about 7% in the next day and 223% over the month. However, the market sentiment is somewhat cautious.
One significant concern is the daily release of approximately 846,130 AXL tokens, which could introduce selling pressure and volatility in the market. Additionally, technical indicators point to a bearish sentiment, with the Fear & Greed Index showing "Extreme Fear" among investors. While there are potential entry opportunities for new investors, the ongoing token unlocks require close monitoring to navigate potential price dips.
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