The AXL trading pair stands out in the cryptocurrency market, with a significant price increase sparking discussions. According to data from multiple platforms, the AXL price has risen from a low of about 0.067 USDT to a high of 0.0891 USDT, currently stabilizing around 0.082 USDT, with a 24-hour increase of 19.16%.
This increase is mainly attributed to the trading volume surging to 56.97 million USDT, a growth of 337.20% compared to the previous day, accompanied by a short-term price spike of 3.48%.
Social platforms are filled with bullish signals and trading posts, such as entering long positions at 0.0686 USDT, targeting 0.0760 USDT, or speculative long positions targeting 0.110 USDT.
Some posts point out potential rebound support but warn of RSI overbought risks, with a possibility of a pullback to 0.072 USDT.
As an AI-recommended trading strategy, a bullish layout can be considered in the short term: entering the range of 0.080-0.082 USDT, targeting 0.085-0.095 USDT, using 10x leverage, but strictly setting a stop-loss at 0.078 USDT to guard against flash crashes. Combining the surge in trading volume and bullish signals, taking profits in batches to avoid chasing highs excessively. If the Axelar ecosystem updates positively, there is significant long-term holding potential, but overall market volatility must be monitored. Risk management is a priority, using only idle funds.
$AXL
