🚨 ALERT: $AXL /USDT ON THE EDGE OF MAJOR MOVEMENT 🚨
The AXL/USDT chart is showing signs of potential volatility! Currently trading at $0.8502 USDT, the price has already risen +7.89% in the last 24 hours, with the highest spike hitting $0.8940 USDT.
However, after testing resistance at $0.8940 USDT, the price experienced a significant pullback to $0.8435 USDT, creating an opportunity for both long and short-term traders to capitalize on upcoming price action.
📊 Market Summary:
24H High: $0.8940 USDT
24H Low: $0.7873 USDT
Volume: 17.21M AXL, 14.51M USDT
💡 CRITICAL Levels to Watch: 💡
Major Resistance: $0.8940 USDT – Breaking through this level could trigger a bullish rally with potential to retest $0.8966 USDT or beyond.
Key Support Zone: $0.8435 USDT – If this support holds, bulls might regain control, but a break below could send the price tumbling towards the $0.8409 USDT region.
📉 Short-Term Signals:
Short Opportunity: If the price fails to break resistance at $0.8502 USDT and shows signs of rejection, a short position could target $0.8435 USDT, with a stop at $0.8550 USDT.
Long Opportunity: A clean breakout above $0.8550 USDT could see a run towards the previous high of $0.8940 USDT, making it an attractive long entry with a tight stop below $0.8500 USDT.
📈 Long-Term Signals:
Bullish Scenario: Sustained buying pressure could push the price toward the $0.8966 USDT level, with potential higher targets at $0.9200 USDT if momentum builds.
Bearish Scenario: A drop below $0.8435 USDT may open the floodgates for a further slide to $0.8400 USDT or even lower, potentially shaking out weak hands.
⚠️ Watch for a Reversal or Continuation:
Rejection at $0.8940 USDT: This could send the market into a sharp decline, dragging prices back toward the $0.8400 USDT region or worse.
Breakout Above $0.8550 USDT: Bulls could ignite a strong rally, eyeing higher targets beyond $0.8900 USDT, with FOMO driving the price higher.
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