🪙 Analysis and tracking of currency $AXL (Axelar) – Buying opportunity take advantage of the drop and enter from the bottom ⚡️
🔹 Current purchase price: 0.101
🎯 Targets:
🎯 First target: 0.115
🎯 Second target: 0.130
🎯 Third target: 0.150
🛑 Stop loss: 0.092
📌 Let's talk a bit about the currency:
Axelar is a project focused on linking different blockchain networks, aiming to facilitate the transfer of data and assets between multiple networks without complications. This type of project has a future as the use of Web3 and decentralized applications expands.
📊 Key technical indicators:
• RSI indicator is close to neutral areas and allows for upward movement.
• MACD indicator shows weakness in negative momentum and the possibility of gradual improvement.
• Trading volume is relatively stable and indicates consolidation.
• Short-term trend direction leans towards consolidation with attempts for positive reversal.
💡 Advice:
Entry should be gradual and avoid overcommitting to the size of the trade, and always have a clear plan for targets.
⚠️ Warning:
Breaking below the level of 0.092 with a clear close negates the positive scenario, and adherence to the stop loss is essential
