📈 Market Line:

Axelar ($AXL) has seen mixed price action — a recent rally in volume and short-term gains is met with overall bearish structure as it trades below key moving averages, with both sellers and buyers eyeing whether it can hold support and break resistance soon. 

Bullish factors:

• Strong volume spikes and occasional daily gains show renewed trader interest. 

• Cross-chain utility and ecosystem growth (e.g., XRPL integrations) may underpin long-term demand. 

Bearish risks:

• Price remains below major trend lines and moving averages, hinting at continued downward pressure. 

• Market sentiment still feels the impact of team acquisition news and supply adjustments.

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AXLUSDT

Perp

0.0863

-1.25%