Market Overview for Axelar (AXLUSDT): 24-Hour Technical Summary (2025-08-25)

• AxlUSDT dropped from a 15-minute high of 0.3361 to close near 0.3037 after a sharp selloff.
• A large bearish candle on 2025-08-24 19:45 ET saw a high-low range of 0.3328 to 0.3189 and closed at 0.327.
• Volume surged during the selloff but has since declined, suggesting possible exhaustion.
• RSI moved into oversold territory (around 30), hinting at potential short-term buying interest.
• Price is approaching the 0.3000 psychological level, a potential support zone.

Price Behavior and Key Levels

Axelar (AXLUSDT) opened at 0.3171 on 2025-08-24 12:00 ET and surged to a high of 0.3361 before a sharp reversal began in the early hours of 2025-08-25. The price closed at 0.3037 by 12:00 ET, with a 24-hour low of 0.3000. The 15-minute chart shows a key resistance around 0.3300 and a strong support at 0.3150. A bearish engulfing pattern formed at 19:45 ET, signaling a likely bearish shift in sentiment.

Moving Averages and Momentum

On the 15-minute chart, the 20 and 50-period moving averages have both fallen below price, reinforcing the bearish trend. The 50-period MA is approaching 0.3100, a potential key support. The MACD is in negative territory, with a bearish crossover suggesting continued downward pressure. The RSI dropped below 30 at the close, indicating short-term oversold conditions, but this is not yet a buy signal due to the broader bearish context.

Volatility and Bollinger Bands

Volatility spiked during the sell-off on 2025-08-24 19:45 ET, with the candle closing near the lower band of the Bollinger Bands. The bands have since tightened, suggesting a potential breakout or reversal. Price is currently near the lower boundary of the bands at 0.3000, which could trigger a bounce or further decline depending on order flow.

Volume and Turnover

Total volume for the 24-hour period was 6,185,481.51, while total turnover was $1,891,653.38. The highest volume spike occurred on the large bearish candle at 19:45 ET, with 659,137.71 units traded. This volume confirmed the bearish reversal. However, volume has declined in the past 6 hours, suggesting that the selloff may be running out of steam.

Fibonacci Retracements

The 61.8% retracement level of the recent 15-minute move from 0.3361 to 0.3000 is at 0.3113, where price may find temporary support. On the daily chart, the 61.8% level of the broader move from 0.3361 to 0.3000 is at 0.3163. A retest of this level could confirm a potential bounce in the near term.

Price may test the 0.3000 level in the next 24 hours, which could either hold or trigger further downside. Investors should closely monitor volume behavior at key levels for signals of support or rejection. A reversal above 0.3150 may suggest a short-covering rally, but bearish bias remains in place.