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The Axelar price prediction shows AXL moving away from the opening price of $1.107 as buying interest could increase as it approaches $1.110.
Axelar Price Prediction for 2024: Will AXL Resume Its Uptrend?
Ripple and Axelar announced a strategic partnership to enable seamless interoperability on the XRP Ledger (XRPL) across various blockchain networks. This collaboration aims to create a more interconnected blockchain ecosystem, providing developers with new opportunities for integration and application development.
Axelar prediction statistical data:
- Axelar Price Now – $1,095
- Axelar market capitalization – $743.9 million
- Axelar circulating supply – 674.5 million
- Total Axelar supply – 1.1 billion
- Axelar Coinmarketcap Ranking – #107
AXL/USD Medium-Term Trend: Range (4H Chart)
Key levels:
Resistance Levels: $1,250, $1,270, $1,290
Support Levels: $0.950, $0.930, $0.910
According to the 4-hour chart, AXL/USD is trending sideways, having established a crossover above the $1.107 resistance level while currently hovering above the 9 and 21 day moving averages. Buyers could look for additional resistance levels if the coin crosses a bullish crossover above the upper boundary of the channel.
Axelar Price Prediction: AXL Price Could Consolidate Within the Channel
Over the past few hours, Axelar price has started an upward move, currently encountering resistance at $1.110 and eyeing the next resistance level at $1.112. The daily chart indicates that if the 9-day moving average remains above the 21-day moving average, it will confirm the next direction of the coin. However, AXL/USD could decline if the $1.085 support level is breached, but the price could rise if it breaches the $1.110 resistance level.
Currently, the market price remains above the moving averages, signaling an uptrend. If Axelar price breaks above the upper boundary of the channel, it could reach the resistance levels of $1,250, $1,270, and $1,290. Conversely, any movement towards the lower boundary of the channel could result in support levels at $0.950, $0.930, and $0.910.
AXL/USD medium-term trend: bullish (2H chart)
The 2-hour chart indicates that the Axelar Price is about to break above the upper boundary of the channel, with the 9-day MA remaining above the 21-day MA. If Axelar price breaks above the channel, traders could see significant upside momentum and substantial gains.
However, there is a chance that the current candle could fall below the 21-day moving average, potentially targeting the support level at $1.025 and below. Meanwhile, to maintain the bullish momentum, it is crucial for the price to stay above the $1.102 resistance level and focus on breaking the potential resistance at $1.190 and above.
Meanwhile, @decilizer informed his followers on X (formerly Twitter) that $AXL continues its upward trend. The key support level at $1 has been confirmed. If $BTC remains bullish, $AXL should surpass the next target of $2.25. Keep a close eye on this one! The previous rally saw an impressive 680% increase.
$AXL maintains its upward trend. Key support at $1 has been verified. If $BTC remains bullish, AXL should surpass our next target of $2.25. Keep an eye out for this one!
The previous rally resulted in a 680% increase. pic.twitter.com/kEBy3UsANF– Decilizer (@decilizer) May 29, 2024
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