Market Overview for Axelar/Bitcoin (AXLBTC) — October 13, 2025

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• Price surged 11.8% in 24 hours, driven by strong volume spikes and a bullish breakout above prior resistance.
• A key breakout above 2.04e-06 triggered follow-through buying, with volume expanding 16x past the 24-hour average.
• RSI entered overbought territory, suggesting caution, while MACD crossed into a bullish divergence.
• Bollinger Bands showed a recent expansion, indicating rising volatility and momentum.

Axelar/Bitcoin (AXLBTC) 24-Hour Market Update

At 12:00 ET on October 13, 2025, Axelar/Bitcoin (AXLBTC) opened at 1.91e-06, reached a high of 2.06e-06, and closed at 2.03e-06, with a low of 1.91e-06. The pair posted a 12.3% gain over the last 24 hours, with total volume reaching 200,385.03 and a notional turnover of ~402.77 BTC (based on average price and volume). Price action was driven by a breakout above key resistance levels and a surge in volume, particularly after 23:45 ET.

1. Structure & Key Levels

Price tested key levels multiple times throughout the session, with a notable bullish breakout occurring after a large-volume candle at 10:45 PM ET. The 1.95e-06–2.04e-06 range emerged as a strong support–resistance corridor. A Bullish Engulfing pattern formed at 18:30 ET as price closed above the previous candle’s high after a long lower wick. This pattern was later confirmed with follow-through buying.

Bollinger Bands showed a volatility expansion, with price sitting above the upper band during the final hours of the session. This suggests a high momentum phase and a strong move that may consolidate or continue depending on the next key resistance at 2.07e-06.

2. Momentum and Overbought Conditions

The RSI(14) for AXLBTC moved above 70 during the final hours, signaling potential overbought conditions and a possible pullback. Meanwhile, the MACD crossed above zero and showed positive divergence, reinforcing the bullish bias. The 20-period and 50-period moving averages were both bullish and aligned closely, with price currently above both.

Fibonacci retracements on the 24-hour move suggest a possible correction to the 61.8% retracement level at ~2.00e-06 if the current rally loses steam.

3. Volume and Turnover Insights

Volume surged 16-fold past the 24-hour average at 10:45 PM ET, confirming the breakout above key resistance. Notional turnover also increased significantly during that period. A divergence emerged between price and volume at 18:30 ET, where price surged while volume remained moderate—suggesting a potential retest of the breakout level.

4. Backtest Hypothesis

To evaluate the effectiveness of Bullish Engulfing as a buy signal, a 1-day holding backtest strategy would require accurate candle data for the AXLBTC pair. As noted, the backtesting process was hindered by the inability to locate the trading pair “AXLBTC” in the data source. To proceed, the correct symbol format must be provided—such as “AXL-BTC,” “AXLBTC-USD,” or a market-specific identifier like “BINANCE:AXLBTC.” Alternatively, if a proxy like AXL/USDT is available, it may serve as a suitable substitute for volume and pattern confirmation. Once this is clarified, the strategy can be validated using historical pattern entries from 2022–2025.