Axelar (AXL) is currently priced at $0.306935, reflecting a 2.55% increase over the past 24 hours. The daily trading range has been relatively narrow, with a high of $0.309728 and a low of $0.299074, indicating minor volatility in the market.

The trading volume stands at approximately 8.31 million, which corresponds to a volume-to-market cap ratio of 2.64%. Despite the recent price uptick, the 7-day and 14-day price changes show declines of 6.13% and 9.22%, respectively, indicating a bearish trend over these periods.

Analyzing the moving averages, the 8-hour SMA is slightly positive at $0.3068, while the 13-hour SMA shows a slight decline at $0.3071. The longer-term moving averages, such as the 55-hour and 144-hour SMAs, are also trending downwards, reflecting ongoing selling pressure.

The 1-hour RSI stands at 55, suggesting that the asset is neither overbought nor oversold, while the 7-day RSI at 47 points to a more bearish sentiment. This RSI divergence indicates that while there may be short-term bullish momentum, the longer-term outlook remains weak.

Considering the all-time high of $2.64 reached earlier in the year, AXL has seen a significant depreciation. The current price is approximately 88.4% below this level, emphasizing the drastic correction the asset has undergone.

Given the mixed technical indicators, with short-term bullish signals overshadowed by longer-term bearish trends, the recommendation is to Hold. The price action suggests caution, and investors should wait for clearer bullish signals before committing additional capital.