AXL price rallies 20% and breaks resistance | Credit: Veronica Cestari
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Key Takeaways
AXL has broken out of a cup-and-handle pattern, surging 20% and reaching $0.42
Bullish confirmation from AO and ADX signals a potential extended AXL price rally.
As long as bullish momentum persists, higher highs are likely for the Axelar token.
AXL, the native token of decentralized cross-chain protocol Axelar, is standing out with a strong double-digit rally in the past 24 hours.
During this period, the token surged 20% to reach $0.42, putting it among the top-performing altcoins in the top 300 by market cap.
In this analysis, CCN breaks down what’s driving AXL’s sudden momentum — and what could come next for the cross-chain asset.
Axelar Momentum Favors Upside
On the daily chart, AXL’s price served up a textbook breakout. The token hit $0.44 after breaking out of a cup-and-handle pattern.
This breakout confirms buyers are in control. If momentum holds, the Axelar token could be eyeing higher resistance levels.
A closer look at the chart shows that the Awesome Oscillator (AO) has risen to the positive region.
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The rise in the AO validates the bullish momentum around the cryptocurrency. If sustained, Axelar’s price might be looking to challenge the resistance at $0.64 and $0.73.
Apart from the AO, the Average Directional Index (ADX) also seems to validate this trend. Typically, the ADX measures a cryptocurrency’s directional strength.
When the reading is below 25, the directional strength is weak. However, as of this writing, AXL’s price has jumped to 30.43, indicating that the AXL upswing might continue in the short term.
Following the breakout, Axelar (AXL) has drawn some bold comparisons — and not without reason.
Several analysts have lined it up next to Chainlink (LINK), pointing to the DeFi boom era of 2020 to 2021, when LINK exploded from $1.60 to $53.
Pseudonymous analyst ChartNerd is among those leaning bullish, suggesting AXL’s price could replicate a similar trajectory before this cycle tops out.
“Fast forward to 2025, we have AXL, solving a completely different complexity in the blockchain realm of interoperability, constantly flexing its ability to connect chains efficiently and securely, acting similarly to LINK as a “bridge” or gateway into further ease of application usage for specific services, ie, payments,” The analyst opined.
AXL Price Prediction: Short-Term Surge in Play
Like the daily chart, the 4-hour AXL/USD analysis shows that the token has broken above the upper trendline of a symmetrical triangle.
The Exponential Moving Average (EMA) has also displayed a golden cross in line with this surge.
This bullish setup happened as the 20 EMA (blue) crossed over the 50 EMA (yellow). If this trend continues, Axelar’s price might break the resistance at $0.51.
If validated, AXL might rise to $0.63. In the long term, the altcoin might climb to $0.84 if demand for the token remains elevated.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
