Bullish Momentum Amid Strong Technical Indicators

$AXL has shown a remarkable recovery, currently trading at $0.9863, marking an 11.66% gain in the last 24 hours. This performance comes with significant trading volume on Binance, reflecting renewed investor interest in $AXL as it approaches key resistance levels.

On the weekly timeframe, the price of $AXL has shown a sharp bounce from a low of $0.3666 to its current price, a significant 170% recovery. The upward trend has been supported by a consistent increase in buying pressure, as evidenced by the rising green candles and volume.

• 24H High: $0.9930

• 24H Low: $0.8686

• Resistance Levels: $1.1277 (next key resistance), $2.0089 (higher levels)

• Support Levels: $0.9080

The Parabolic SAR dots have shifted below the price, indicating that the bullish momentum remains intact. Traders will watch for continued price action above $1.00 to signal strength toward higher targets.

MACD and Volume

• MACD Line: Positive divergence, indicating increasing buying momentum. The MACD histogram also confirms bullish sentiment.

• Volume: Daily volume stands at 77.12M, reflecting growing investor interest. MA(5) and MA(10) show a healthy crossover, adding further support to the upward movement.

Momentum Indicators

• RSI (6, 12, 24): The RSI(6) at 67.21 reflects near-overbought conditions but is still bullish. The RSI(12) and RSI(24) suggest mid-term stability.

• Stochastic RSI: Currently at 97.47, it indicates an overbought zone, signaling a potential short-term retracement before further upward continuation.

$AXL has entered a strong uptrend, supported by bullish indicators such as the Parabolic SAR, increasing volume, and positive MACD divergence. While the price is approaching resistance at $1.1277, traders should monitor for a clean breakout above $1.00, which could trigger the next leg up toward $1.50 and beyond.

Key Levels to Watch:

• Support: $0.9080

• Resistance: $1.1277, $2.0089