AXL Weekly Analysis
Axelar (AXL) registers a sharp decline of 24.24%, marking it as the top loser for the week. Currently, AXL is trading at particularly risky levels. On April 12, 2024, it reached its all-time low of $0.8820 and has since formed a double top pattern, a classic indicator of a bearish reversal. Presently, the price of AXL stands at $0.9462. Should it breach the previous all-time low, a further decline could be expected.
Daily analysis shows both oscillators and moving averages recommending a strong sell. However, weekly data is insufficient for a conclusive analysis.
Daily analysis shows both oscillators and moving averages recommending a strong sell. However, weekly data is insufficient for a conclusive analysis.
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