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The Axelar price has jumped 71% in the last 24 hours to trade at $0.5663 as of 6:55 a.m. EST on a 4,339% surge in daily trading volume.
The AXL price surge follows Upbit’s announcement to list the token on its platform. Upbit’s hot wallet received five transfers of 1.5 million AXL each, that’s 7.5 million tokens flooding in (~$19.7M), which coincides with when the AXL price started surging.
엑셀라(AXL) KRW, USDT 마켓 거래지원 안내
✅ 지원 마켓 : KRW, USDT 마켓
📅 거래지원 개시 시점: 2025-06-10 16:00 KST 예정🔗 공지 바로가기:https://t.co/MIZKWdDko0#Upbit #AXL@axelar pic.twitter.com/osKup94Yi1
— Upbit Korea (@Official_Upbit) June 10, 2025
Axelar Price Bulls Challenge 50-Day SMA With $3.50 In Sight
The AXL 1-week chart shows a breakout toward the 50 Simple Moving Average (SMA) at $0.575, a level that’s been a battleground for bulls and bears. The price spiked to a high of $2.713 earlier this year, before dropping to a low of $0.27 in late March 2025.
Right now, the crypto is in a breakout phase, with resistance kicking in around the $0.574 level. If the price manages to break above this level, it will re-enter a previous range between $0.5 (support) and $1.2 (resistance). That resistance is also where the 200 SMA sits.
If the bulls manage to break the 200 SMA, AXL could start to moon toward $3.50. The support zone, though, is solid around $0.27, backed by the 14 Relative Strength Index (RSI) at 53.83, which is in neutral territory.
AXLUSD Analysis Source: Tradingview
The Moving Average Convergence Divergence (MACD) down below signals bullish momentum, with the MACD line (blue) trending above the signal line. This suggests the trend’s still got legs, but a pullback to $0.4 could be a good opportunity to buy the dip.
AXL Price Break Out Could Fuel Rally To $2.71
The chart shows a falling channel pattern, from which the price broke out to the upside. The AXL price is testing a support-turned-resistance around the $0.574 level, and with volume picking up, a push past this level could ignite a bigger rally to $2.71.
Historically, AXL’s been a rollercoaster, down 62.25% from its peak, but this 71% pump shows the community is all in. If the broader crypto market keeps pumping, AXL could ride the wave to $2.71 or beyond by the end of Q3.
Conversely, a rejection at the current resistance (50 SMA) might trigger a slide to $0.40, especially if the RSI flips bearish. Investors should keep an eye on that $0.27 support. Failure to hold could mean a greater fall to new all-time lows.
Solaxy Presale Heads Toward $50M – Only 6 Days Left!
As the Axelar price prepares to breach long-term resistance, AXL investors are cashing out profits to buy Solaxy (SOLX), Solana’s first-ever Layer-2 solution that has raised a whopping $46.5 million in its soon-to-end presale.
Solana’s blockchain is a speed demon, known for fast transactions and low costs, but it’s been tripping over its success, resulting in congestion, delayed transactions, and even complete network failures.
Solaxy is designed to fix those growing pains and supercharge the network by processing transactions off-chain using rollup technology, similar to Ethereum’s Arbitrum or Optimism.
It bundles transactions and sends them to Solana’s mainnet for final validation, easing network strain while keeping things fast and cheap. This means smoother experiences for users and developers, whether they’re trading meme coins or building dApps.
Solaxy is expanding faster than the universe! 🛸
46M Raised! 🔥 pic.twitter.com/RM3lsZeMha
— SOLAXY (@SOLAXYTOKEN) June 9, 2025
Solaxy’s testnet is already live, with a block explorer and a bridge letting users move SOL to Ethereum, blending Solana’s speed with Ethereum’s deep DeFi liquidity.
That cross-chain connection could open doors for developers to tap into both ecosystems, creating new opportunities in gaming, NFTs, and beyond.
The team’s also rolling out the Igniter Protocol, a no-code launchpad letting SOLX holders create their own tokens and trade them on the Solaxy DEX, sparking a more user-driven economy.
Popular crypto YouTube channel 99Bitcoins, with over 723k subscribers, predicts that SOLX could surge 10X or more when it launches.
Investors can also stake SOLX tokens and get up to 87% APY, though this rate drops as more people stake.
SOLX tokens are currently priced at $0.00175s, and you can buy them with crypto or a bank card via Solaxy’s website.
However, investors need to act fast as the presale will end in just six days.
Visit the Solaxy website to learn more.
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