CoinRank Daily Data Update (12/16): Crypto Markets Decline as 75 of the Top 100 Tokens Drop Below Critical Averages, Circle Deal Excludes AXL, and More...
Crypto Market Weakness: The cryptocurrency market is experiencing significant bearish momentum, with 75 of the top 100 tokens trading below key technical averages, indicating potential further declines.
Axelar Acquisition Impact: Circle's acquisition of Axelar's core development team, excluding the AXL token, led to a sharp decline in AXL's value, highlighting a trend in crypto M&A focusing on team and infrastructure over token value.
Institutional Investment Trends: ARK Invest has increased its exposure to crypto equities by purchasing nearly $60 million in stocks during the ongoing market selloff, demonstrating long-term confidence despite short-term volatility.
Market Sentiment: Major cryptocurrencies like Bitcoin, Ether, and Solana are under pressure, accounting for 78% of the total market cap, which is contributing to a negative risk sentiment in the crypto sector.
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Technical Analysis for WAXL
Technical Sentiment Analysis for Axelar (WAXL) As of , Axelar (WAXL) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WAXL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, WAXL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Axelar (WAXL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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