Oh, Axelar [AXL], you sly little token! You decided to throw a 1,200% trading volume party and rallied 19.8% on January 25th. Mazel tov! But wait, what’s this? Bitcoin [BTC] had a little “oy vey” moment, dipping below $88k, and suddenly AXL’s momentum is as shaky as a Fiddler on a bad roof.
On the 1-day chart, the structure is more bearish than a critic at a Mel Brooks movie. That drop on January 20th? Fuhgeddaboutit! Below $0.066? That’s not a dip, that’s a plot twist!
During the rally to $0.083, Axelar tried to close above the key overhead supply zone. But nope! Rejected faster than a bad joke at a comedy club. Temporary? Maybe. But in the meantime, it’s as stuck as a schlemiel in quicksand.
The OBV? New highs, higher than my expectations for a sequel to Spaceballs. The 1-day RSI? Above 50, like a nosy neighbor at a block party. Traders, you can be cautiously optimistic, but don’t go betting your bubbe’s brisket on it just yet.
Bearish bias? Still there, like a bad smell at a family reunion. Moving averages? No crossover yet. The structure? Still broken, like a promise from a used car salesman.
The Bearish Argument for AXL: It’s a Plotz Waiting to Happen
Fibonacci retracement levels? Plotted like a bad sitcom storyline. Price below the 78.6% retracement at $0.072? Oy, that’s not a dip, that’s a freefall! RSI below 50 on the hourly chart? Trading below the 50-period moving average? This isn’t a bearish spell, it’s a full-on curse!
Traders’ Call to Action: Sit Back, Relax, and Don’t Do Something You’ll Regret
Open Interest increase? Swift weekend gains? Unsustainable, like a diet that lasts one day. Market retracement and consolidation? Necessary, like a nap after Thanksgiving dinner. Bulls gathering steam? Maybe, if Bitcoin doesn’t sink below $84k. But hey, who’s counting?
Over the next week or two, AXL traders, take a breather. Wait for consolidation around $0.065-$0.072. Gradual recovery? Sure, if you’re into that sort of thing. Price drop below $0.065? That’s not a warning, that’s a siren!
Final Thoughts (or, What’s the Deal with AXL?)
- Axelar’s short-term price action was bullish over the weekend, but then it pulled back harder than a rubber band in a kindergarten class.
- Momentum for the coming days? Bearish, like a Monday morning. Swing traders, if you’re going long, you’d better hope for a positive reaction at $0.072. Otherwise, it’s “Hasta la vista, baby!”
Read More
- How to Unlock the Mines in Cookie Run: Kingdom
- Jujutsu Kaisen: Divine General Mahoraga Vs Dabura, Explained
- Top 8 UFC 5 Perks Every Fighter Should Use
- MIO: Memories In Orbit Interactive Map
- Quarry Rescue Quest Guide In Arknights Endfield
- The Winter Floating Festival Event Puzzles In DDV
- Where to Find Prescription in Where Winds Meet (Raw Leaf Porridge Quest)
- Deltarune Chapter 1 100% Walkthrough: Complete Guide to Secrets and Bosses
- Jujutsu: Zero Codes (December 2025)
- Gold Rate Forecast
2026-01-26 21:31