$AXL /USDT is currently trading at $0.1276 (Rs 35.8) which shows a dip of -6.11% in the last 24 hours... this is a Layer 1 project and it seems to have entered an accumulation zone! Support appears strong around 0.1260 which is the 24h low, and if this level holds, we can expect a bounce... Resistance is seen around 0.1281 and 0.1292 where the next move could start. Looking at the order book, it seems there is massive buying pressure as bids are dominating up to 95%... After a -58% drop in 90 days, recovery can now be expected, with a short-term target of 0.1304 appearing reasonable. The long-term potential of Layer 1 projects is strong but some patience will be required... InshaAllah the next move will be bullish!

#AXL #Layer1 #USDT #AccumulationZone