CryptoPM

$AXL just ripped +14% in 24h, and if you’re wondering why — let me break it down from how I’m seeing it:

1. Altseason Speculation Is Real — And AXL Fits the Narrative

When BTC dominance starts dipping and altcoins begin rotating, interoperability tokens like Axelar tend to move first.

I’ve been watching this pattern repeat every cycle — and this week, the “altseason is starting” buzz hit hard.

With AXL powering cross-chain movement (especially with XRP Ledger’s EVM sidechain integration), it made sense to me that capital flowed there first.

2. XRP Ledger x Axelar = Legit Utility

This isn't just hype.

The fact that Ripple’s EVM sidechain is bridged via Axelar means AXL now has direct involvement in one of the most anticipated DeFi expansions of the summer.

If you believe in cross-chain liquidity becoming mainstream, this is the kind of token that could benefit big.

3. Technicals Back It Up

I’m not usually one to chase green candles… but this move wasn’t just random:

Price broke above the 30-day SMA & 7-day EMA

Volume exploded +798% to $193M — that’s conviction

RSI is still at 58.5, so no signs of being overheated yet

4. Sentiment Is On Our Side

With the Fear & Greed Index at 66, the market is still risk-on.

And with BTC dominance slipping, altcoins are getting attention again.

It’s the perfect recipe for short-term upside on strong narratives like interoperability.

For me, this isn’t about blindly holding — I’m tracking how adoption unfolds on the EVM sidechain and whether more devs integrate Axelar bridges.

If that momentum builds, I think AXL could still have legs.

What’s your play here — ride the short-term hype or hold for cross-chain adoption long game?

#Macro Insights# #Altcoin Season# #Altcoin