December 19, 2024 AXL – Axelar Daily Chart Analysis
Outlook
AXL current price is 0.81 USDT and the current market cap is 9.630.300 USDT. This chart period started 210 days ago (24 May 2024) with a total of 99 days closing above the opening price and 109 days closing below the opening price. The lowest price was 0.37 USDT on 05 August 2024, and the highest price was 1.14 USDT on 03 December 2024. The current price is 120.02% above the lowest price and 29.25% below the highest price.
Moving Average
Moving Averages (Closing Prices):
5-Day Moving Average: 0.87
22-Day Moving Average: 0.96
50-Day Moving Average: 0.84
100-Day Moving Average: 0.75
250-Day Moving Average: 0.77
Moving Average Analysis
The current price is %7.70 lower than the 5-Day moving average and has been below it for 0 days.
The current price is %16.18 lower than the 22-Day moving average and has been below it for 0 days.
The current price is %3.85 lower than the 50-Day moving average and has been below it for 0 days.
The current price is %6.85 higher than the 100-Day moving average and has been above it for 27 days.
The current price is %4.25 higher than the 250-Day moving average and has been above it for 27 days.
Trends
The longest uptrend in the 210 day period is 6 days. It started at 0.89 USDT on 24 May 2024 and ended by increasing by 23.62% to 1.10 USDT on 30 May 2024.
The longest downtrend is 10 days. It started at 0.68 USDT on 26 July 2024 and ended by decreasing -36.61% to 0.43 USDT on 05 August 2024.
Support & Resistance
This review was made for the last 7 days
Last 7 days support levels:
Support: 0.87 USDT on 14-12-2024
Support: 0.85 USDT on 17-12-2024
Support: 0.78 USDT on 18-12-2024
Support: 0.74 USDT on 19-12-2024
Last 7 days resistance levels:
Resistance: 1.01 USDT on 15-12-2024
Resistance: 1.04 USDT on 16-12-2024
The lowest support level is 0.74 USDT on 19-12-2024, and the highest resistance level is 1.04 USDT on 16-12-2024. The percentage difference between these levels is approximately 41.1%.
Volume
Fetched 294 data points, less than 500 days of data. Adjusting limit.
The previous trading day’s volume (18-12-2024) 9,852,582.26 USDT. Highest volume in the last 210 days is 48,330,340.50 USDT on 12-10-2024. Lowest volume in the last 210 days is 1,844,711.06 USDT on 28-07-2024. Difference between highest and lowest volume is 2519.94%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 8,924,360.17 USDT
22-day Moving Average Volume: 11,141,561.53 USDT
50-day Moving Average Volume: 10,492,983.58 USDT
100-day Moving Average Volume: 10,050,770.99 USDT
250-day Moving Average Volume: 8,959,872.33 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 9,852,582.26 USDT
Previous day’s volume is 10.40% higher than the 5-day moving average.
Previous day’s volume is 11.57% lower than the 22-day moving average.
Previous day’s volume is 6.10% lower than the 50-day moving average.
Previous day’s volume is 1.97% lower than the 100-day moving average.
Previous day’s volume is 9.96% higher than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is -19.90% lower than the 22-day moving average.
22-day moving average is 6.18% higher than the 50-day moving average.
50-day moving average is 4.40% higher than the 100-day moving average.
100-day moving average is 12.18% higher than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 31-08-2024 with a volume of 1,862,103.94 USDT and ended on 05-09-2024 with a volume of 5,326,745.65 USDT, lasting for 5 days and representing a 186.06% increase.
The longest consecutive volume decrease started on 06-07-2024 with a volume of 33,550,551.10 USDT and ended on 11-07-2024 with a volume of 7,388,693.68 USDT, lasting for 5 days and representing a 77.98% decrease.
Price Volume Coorelation
During the longest volume increasing period price decreased from 0.52 USDT to 0.50 USDT, which represents a 5.05% decrease.
During the longest volume decreasing period price decreased from 0.67 USDT to 0.62 USDT, which represents a 6.94% decrease.
Strategy
After reaching its peak on December 3, it came under selling pressure and fell to the 250-day moving average. Although it made a reactionary rise from the 250-day moving average, this rise was evaluated as a selling opportunity.
We do not recommend opening a “long” position in the short term, but some reactionary increases may occur, so a stop loss level can be determined according to your risk ratio and a “long” position can be opened the day after the closing with an increase
AXL – Axelar
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
