Axelar price prediction for today, May 30 – AXL Technical Analysis

adminMay 31, 2024

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According to Axelar price predictions, AXL is moving from its opening price of $1.107 as buying interest may increase as it approaches $1.110.

Axelar price prediction for 2024: Will AXL resume its upward trend?

Ripple and Axelar announced a strategic partnership to enable seamless interoperability of XRP Ledger (XRPL) across various blockchain networks. The goal of this collaboration is to build a more interconnected blockchain ecosystem, providing developers with new opportunities for application integration and development.

Axelar forecast statistical data:

Current Axelar price – $1.095
Axelar market cap – $743.9 million
Axelar circulating supply – 674.5 million units
Axelar total supply – 1.1 billion
Axelar Coinmarketcap Ranking – #107

AXL/USD Medium Term Trend: Levels (4H Chart)

Main level:

Resistance levels: $1.250, $1.270, $1.290

Support levels: $0.950, $0.930, $0.910

Axelar price prediction for today, May 30 – AXL Technical Analysis — AXLUSD – 4-hour chart

According to the 4-hour chart, AXL/USD is currently hovering above the 9-day moving average and the 21-day moving average, while also trending sideways, establishing a crossover above the $1.107 resistance line. If the coin makes a bullish crossover above the upper boundary of the channel, buyers may seek additional resistance levels.

Axelar price prediction: AXL price may consolidate within the channel

Over the past few hours, Axelar price has started an upward movement and is currently facing resistance at $1.110 and is looking at the next resistance level at $1.112. The daily chart indicates that if the 9-day moving average stays above the 21-day moving average, it confirms the next direction for the coin. However, AXL/USD may fall if it breaks the $1.085 support level, but if it breaks above the $1.110 resistance level, the price may rise.

The market price is currently hovering above the moving average, indicating a bullish trend. If the price of Axelar breaks above the upper boundary of the channel, it could reach resistance levels of $1.250, $1.270, and $1.290. Conversely, moving towards the lower border of the channel, we see support levels at $0.950, $0.930, and $0.910.

AXL/USD medium-term trend: bullish (second half chart)

The 2-hour chart shows that Axelar price is poised to break above the upper channel and the 9-day MA is hovering above the 21-day MA. When Axelar price crosses above the channel, traders will see a significant surge in bullish momentum and significant profits.

However, the current candle is likely to fall below the 21-day moving average, potentially targeting support levels below $1.025. Meanwhile, to maintain the bullish momentum, it is important for the price to stay above the $1.102 resistance level and focus on breaking potential resistance above $1.190.

Meanwhile, @decilizer informed his followers on X (formerly Twitter) that $AXL is continuing its upward trend. A key support level of $1 has been identified. If $BTC maintains its strength, $AXL is expected to surpass the next target of $2.25. Observe this carefully! The previous rally saw an impressive 680% increase.

$AXL It is maintaining an upward trend. Major support at $1 was confirmed. If the $BTC Still going strong, AXL is expected to surpass the next target of $2.25. Pay attention to this!
The previous rally saw a rise of 680%. pic.twitter.com/kEBy3UsANF
— Decilizer (@decilizer) May 29, 2024

Alternatives to Axelar

Axelar (AXL) is approaching the $1.100 resistance and is poised to break above the upper boundary of the channel amid a strong uptrend. Traders are closely watching these movements in anticipation of a possible market rally. Despite its hefty market capitalization of $743.9 million and its ranking, Axelar’s influence may still be negligible. Meanwhile, the Dogeverse token has already garnered over $15 million in presales, offering a strong opportunity for significant returns. Now is the perfect time to consider investing in this promising token.

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