Axelar price moved sharply higher today, posting a gain of more than 20% and extending a rally that has been building for several sessions. AXL price strength has caught attention because it comes after months of persistent weakness. The move looks impressive on the surface, yet the broader chart suggests caution may still be warranted.
AXL price has been locked in a broader downtrend since March 2024, with lower highs defining price action for nearly 2 years. The recent push higher has not erased that structure. Instead, price continues to trade inside a long standing descending wedge that has capped every recovery attempt so far.
Short term momentum can feel convincing, especially after extended declines, but structure often tells a more sober story. Axelar price is still reacting within boundaries that have controlled it for months.
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Axelar Developments That May Have Sparked Renewed Interest
Axelar activity has picked up since late 2025, and that timing lines up with the gradual improvement in AXL price action. One major catalyst was the integration of Axelar with Hedera, which connected Hedera to more than 60 chains using Axelar’s General Message Passing technology. That move positioned Axelar as a core interoperability layer for Hedera based applications.
Another key shift came when Common Prefix stepped in to take stewardship over Axelar’s technology and long term direction. The group outlined a 2026 roadmap centered on institutional readiness, co staking with blue chip assets, and gasless bridging. The roadmap also signaled a tighter focus on high value ecosystems such as XRPL, Solana, Ethereum, and Sui.
These changes helped flip sentiment after uncertainty surrounding leadership transitions earlier in the cycle. The sequence created a setup where fear cooled just as a clearer long term plan emerged.
Infrastructure Progress Adds To The AXL Price Narrative
Additional developments reinforced the Axelar price story into early 2026. Developer focused updates highlighted easier access to Axelar infrastructure, including RPC support from providers like GetBlock. That lowered friction for teams building cross chain products and strengthened the idea that Axelar is positioning itself as more than a simple bridge.
Work around XRP related products and cross chain stablecoin infrastructure also resurfaced in recent discussions, helping frame Axelar as a potential backbone for future multichain finance. These narratives can support price moves, especially after prolonged consolidation.
AXL Price Still Trades Inside A Descending Wedge
Despite the improving narrative, AXL price analysis shows that the entire rally remains inside the descending wedge visible on the daily chart. Both resistance and support lines continue to compress price action. The current move has carried AXL price close to wedge resistance, which has rejected price repeatedly in the past.
This is the critical point. Until AXL price delivers a decisive breakout above the wedge, the broader downtrend technically remains intact. Short term pumps inside declining structures often fade once resistance holds.
AXL price forecast scenarios hinge on how price behaves near the upper boundary of the wedge. A clean breakout, ideally supported by a strong January close on higher timeframes, would change the technical picture and open the door to larger upside targets later in the year.
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If resistance holds, however, price could roll over and continue the downtrend that has defined Axelar price since early 2024. That is why buying into strength near resistance can become a trap, especially when momentum cools quickly.
AXL price action right now is less about confirmation and more about testing. The coming sessions should clarify whether this rally represents the start of a structural shift or just another reaction move within a longer decline.
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