$AXL
AXL has been under significant selling pressure, dipping as much as ~15–18% following news that Circle acquired the original Axelar development team while excluding the AXL token from the deal, which hurt investor confidence and sparked volatility. �
📈 Fundamentals & Utility
Despite the sell-off, Axelar’s core cross-chain technology continues to expand (e.g., bridging XRP Ledger to many blockchains), and network activity/staking remain notable. �
🔮 Short-Term Technical Outlook
Price structure shows persistent weakness below key moving averages with dilution fears from a recent circulating supply increase and bearish sentiment in the short term. �
📌 Bottom Line
AXL is volatile and currently bearish in the short term due to ecosystem uncertainty after the developer split and token dilution concerns. However, underlying cross-chain adoption and new development stewardship could provide longer-term fundamental support if execution and confidence rebuild. Monitor key support levels and catalyst events (e.g., roadmap delivery, transaction/fee growth) for signs of reversal.
#USIranStandoff #Mag7Earnings #AXL🔥🔥🔥 #AXL/USDT #Write2Earrn