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Axelar’s price forecast shows AXL moving from the opening price of $1,107 as buying interest could increase approaching $1,110.
Axelar Price Prediction for 2024: Will AXL Resume Its Uptrend?
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Axelar prediction stats:
- Axelar price now – $1,095
- Axelar market cap – $743.9 million
- Circulating supply from Axelar – 674.5 million
- Total Axelar offering – 1.1 billion
- Axelar Coinmarketcap Ranking – #107
AXL/USD Medium-term trend: ranging (4H chart)
Main levels:
Resistance levels: $1,250, $1,270, $1,290
Support levels: $0.950, $0.930, $0.910
According to the 4 hour chart it is AXL/USD is trending sideways, after reaching a cross above the $1,107 resistance level, while currently hovering above the 9-day and 21-day moving averages. Buyers may look for additional resistance levels if the coin makes a bullish cross above the channel’s upper boundary.
Axelar Price Prediction: AXL Price May Consolidate Within the Channel
Over the past few hours, Axelar price has started an upward move, currently facing 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 coin’s next direction. However, AXL/USD could fall if it breaks the USD 1,085 support level, but the price could rise if it surpasses the USD 1,110 resistance level.
Currently, the market price remains above the moving averages, indicating a bullish trend. If Axelar’s price breaks above the upper limit of the channel, it could reach resistance levels at $1,250, $1,270, and $1,290. Conversely, any move towards the lower boundary of the channel could see support levels at USD 0.950, USD 0.930 and USD 0.910.
AXL/USD medium-term trend: bullish (2H chart)
The 2-hour chart indicates that Axelar price is about to break above the upper limit of the channel, with the 9-day MA remaining above the 21-day MA. If Axelar price breaks above the channel, traders could see a significant spike in bullish momentum and substantial gains.
However, there is a possibility that the current candle may fall below the 21-day moving average, possibly targeting the support level of $1,025 and below. Meanwhile, to maintain the bullish momentum, it is crucial for the price to remain above the USD 1,102 resistance level and focus on breaking the potential resistance at USD 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 is expected to surpass the next target of $2.25. Keep a close eye on this! The previous rally saw an impressive 680% increase.
$AXL maintains its upward trend. The main support at $1 has been verified. If $BTC remains bullish, AXL is expected to surpass our next target of $2.25. Keep an eye on this one!
The previous rally resulted in a 680% increase. pic.twitter.com/kEBy3UsANF— Decilizer (@decilizer) May 29, 2024
Alternatives to Axelar
Axelar (AXL) is approaching the $1,100 resistance level and is poised to break above the upper limit of the channel amid a strong uptrend. Traders are closely watching this move and expect a possible market rally. Despite its significant market cap of $743.9 million and its ranking, Axelar’s impact could still be overshadowed. Meanwhile, the Dogeverse token offers an attractive opportunity for significant returns as it has already secured over $15 million in presales. Now is the perfect time to consider investing in this promising token.
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