Current Price: $0.8282
24h High: $0.8640
24h Low: $0.6191
24h Volume (AXL): 54.48M
24h Volume (USDT): 42.27M
Performance Today: +20.77%
đš Short-Term Outlook:
AXL has surged significantly, gaining +33.39% over the last 24 hours. With the price currently at $0.8282, momentum is strong, but the market could see some volatility. Letâs break down the three key targets you should keep in mind:
đŻ Target 1: $0.8640 (Resistance)
This is the 24h high and a key resistance level. If the bulls manage to push the price past this point, it could signal a strong upward trend, potentially leading to a breakout.
Indicator Support:
SAR shows an upward trend with the current SAR at 0.7481, confirming bullish momentum.
RSI suggests the asset is in overbought territory, so a breakout may depend on continued buying pressure.
đŻ Target 2: $0.7480 (Support)
This level aligns with the current SAR value and serves as a critical support line. If the price dips, this would be a key pullback zone for buyers looking to re-enter. Watch for how the market reacts at this level.
Indicator Support:
Bollinger Bands likely indicate narrowing bands, showing consolidation near this level.
EMA could confirm a bullish continuation if the price stays above this level.
đŻ Target 3: $0.6190 (Major Support)
If the price corrects further, the 24h low at $0.6191 would act as a major support zone. If it breaks this, it could indicate a longer-term bearish shift. However, this level is currently far below, signaling strength in the current uptrend.
Indicator Support:
MACD remains bullish, but watch for a potential crossover if the price heads toward this level.
RSI would likely shift toward neutral if the price reaches this zone, showing a potential opportunity for long-term buyers.
đ Conclusion: AXL is showing strong momentum, but volatility is high. Keep an eye on the three key levels: $0.8640 (resistance), $0.7480 (support), and $0.6190 (major support) to manage risk and spot potential trade opportunities.
Happy trading! đ
#Binance #AXL #Crypto #TechnicalAnalysis #TreasuryDepartment