$AXL
In-stock AXL Insights 20251216 13:00 UTC
Key Points
AXL has recently experienced a significant price drop of over 13%, due to Circle acquiring its original development team. Here are the reasons:
1. Acquisition: Circle acquired the development team of Axelar (excluding AXL), leading to a substantial price decline.
2. Market Sentiment: Community sentiment is generally negative, questioning the future of the token and emphasizing the dilemma of "tokens vs equity."
3. Technical Analysis: The token is currently in an oversold state, and a rebound may occur in the short term, but the overall trend remains bearish.
Highlights
1. Reversal Signal: AXL's price is currently below the lower Bollinger Band, and its 12-period and 24-period RSI are both in the oversold region (28.73 and 30.13 respectively), indicating a potential price rebound in the short term.
2. MACD Bullish Crossover: The MACD line has crossed above the signal line, suggesting that momentum may shift and prices may experience a brief upward correction.
Risks
1. Bearish Trend: AXL's price is currently significantly below its 7, 25, and 99-period exponential moving averages, confirming a strong and persistent bearish trend in the market.
2. Development Uncertainty: After Circle acquired Axelar's initial development team, Interop Labs, uncertainty regarding the future of the AXL token has emerged, resulting in a recent price drop of over 13%.
3. Community Concerns: The community has expressed serious concerns regarding the "tokens vs equity" issue, with many members questioning the long-term value and development commitments of AXL tokens after the core team's integration into Circle.
Community Sentiment
1. Negative Sentiment: The community generally holds a negative attitude, with many feeling abandoned and expressing concerns over the "tokens vs equity" issue following Circle's acquisition of the development team, resulting in a price drop of about 1318%.
