Certainly! Let's break down the technical analysis for Axelar ($AXL):
1. Price Level and Support:
The current price of Axelar is approximately $0.42 USD¹.
It's approaching a crucial support level around $0.35 USD.
2. Market Sentiment:
The recent downtrend suggests weakness in the market.
However, keep an eye out for potential reversals.
3. Previous Rally:
During the last bullish cycle, Axelar saw impressive gains of 680%.
In summary, while the current situation appears bearish, the historical rally indicates potential for future growth. As always, consider other factors and stay informed about market developments. 🚀.
