Axelar [AXL]: 19% rally meets bearish market structure – Here’s what’s next!
Axelar (AXL) experienced a 19.8% rally on January 25, alongside a 1,200% increase in daily trading volume. However, the overall market remains bearish, particularly after Bitcoin's drop below $88k. Despite recent gains, AXL struggles to close above key resistance levels, indicating potential for further declines. Traders are advised to remain cautious, with a focus on consolidation around $0.065-$0.072 before considering new positions. A drop below $0.065 could signal continued bearish momentum.
Amb Crypto·