AXAR Price Breaks Out: Is This the Start of a New Trend?

Axelar (AXL) has seen a significant price breakout, exceeding $0.3867 after a 5.7% gain over the past 24 hours, signaling a shift in market sentiment. This upward trend represents an end to the downward pressure that defined AXL’s price action since late 2023. Technical support at $0.3645 is crucial as it will validate this breakout before resistance emerges around $0.4103. Data shows AXL outperforming other major cryptocurrencies like Bitcoin and Ethereum, suggesting strong investor interest amidst the market volatility.