Axelar’s $AXL token has begun to recover after hitting an all-time low. Over the past 24 hours, it has increased by 3.72%, driven by a significant jump in trading volume.
Despite its recent gains, $AXL has lost more than 85% of its value since the peak in 2024, with total value locked in the Axelar protocol now at 71.9 million USD.
Technical analysis indicates resistance levels around 1.0421 USD, while support lies at 0.3178 USD. Continued support at these levels could suggest a reversal in $AXL’s bearish trend.
Leave a Reply