Axelar (AXL) is currently trading at $0.369681, having experienced a 3.90% increase over the last 24 hours. The price has fluctuated between a 24-hour high of $0.381657 and a low of $0.352234, indicating a daily range of approximately 8.5%.

The trading volume of 16,244,406 represents a market participation rate of 4.66% relative to the market cap, suggesting moderate interest in trading activity. Short-term moving averages show a positive trend, with the 55 SMA up 7.13% and the 144 SMA up 14.50%, indicating bullish momentum in the near term.

The 1-hour RSI is at 46, which indicates a neutral position, while the 7-day RSI at 59 suggests a slight bullish sentiment building. Notably, the 7-day price change of approximately 25% demonstrates strong positive momentum, despite the 30-day price change showing a decline of about 14.56%.

Historically, Axelar reached an all-time high of $2.64 on March 1, 2024, which shows significant upside potential from the current price level. The substantial gap between the current price and its all-time high indicates room for recovery and growth.

Considering the technical indicators and recent price movements, the market shows bullish tendencies supported by positive short-term averages. However, the neutral RSI and mixed longer-term price changes suggest caution in aggressive positions.

Given the current market dynamics and price performance, I rate Axelar (AXL) as a Buy. The combination of recent bullish momentum, favorable short-term indicators, and substantial upside potential makes a compelling case for accumulation at current levels.