Axelar
Long

AXLUSD golden cross on approach

119
Axelar (AXLUSD) has yet to see significant movement this cycle unlike alts, especially the other coins related to XRP (XLM, SOLO, COREUMUSDT). As the market cycles into the lower caps I suspect AXLUSD and DIAUSD (both related to Ripple) to move.

AXLUSD is showing an golden approaching golden cross on the daily with the 21 day SMA about to cross up through the 255 day SMA in the next week. The last time this happened was November 2023 after which AXLUSD did a 4-5x in the following months.

I expect a market cap for AXLUSD between $5-$10 B by 2026 to make it comparable to peers such as COSMOS & DOT although AXLUSD current inflationary tokenomics are not appealing.

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