AXELAR Token Report
Axelar aims to provide “secure cross-chain communication for Web3.” The project offers a decentralized network along with a suite of protocols, tools, and APIs designed to enable developers of decentralized applications (dApps) to achieve seamless cross-chain communication.
AXL is ranked #132 with a market capitalization of nearly $611 million. The current market price of the token is 0.698 USDT
The AXL/USDT price had been on a down trend since Dec’24. On the 4-hourly time-frame, the trend has broken out of the descending trendline, with good volumes. The RSI indicates an aggressive momentum in price. The next resistance is expected at 0.99 USDT and an immediate support is expected at 0.579 USDT.
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