Technical Analysis Report: $AXL /USDT
$AXL Token is currently showing a robust performance, trading at $0.7028, which marks a significant increase of 16.57% on the day. The token touched a 24-hour high of $0.7062 after a low of $0.5760, indicating a strong upward movement throughout the trading session.
The surge in AXLâs price could be attributed to a growing trading volume, suggesting increased interest and buying pressure. The price has nearly approached its daily high, and if it surpasses the $0.7062 mark, we could see further upside potential, targeting the next resistance levels.
For traders, maintaining vigilance near the $0.7062 resistance is key; a breakout above could validate continued bullish sentiments. However, itâs crucial to consider the possibility of retracement given the rapid ascent. Setting stop-loss orders below $0.5760 might be wise to protect gains against any sudden downward corrections.
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