Axelar (AXL) Price Soars 49% After Upbit Korea Listing, Drops 19% in Last 24 Hours

The Axelar price soared 49% in the past week but dropped 19% in the last 24 hours to trade at $0.4892 as of 3:20 a.m. EST on trading volume that surged 82% to $439.32 million.

The Axelar price surged 49% in the past week but dropped 19% in the last 24 hours to trade at $0.4892 as of 3:20 a.m. EST on trading volume that surged 82% to $439.32 million.

The AXL price soared yesterday after Upbit Korea listed the AXL token in a new AXL/KRW pair, only days after enabling support for the Korean won. According to the project’s announcement on X, day 1 trading volume quickly soared to the top 5 on the leading South Korean exchange.

Today, @Official_Upbit listed the AXL token in a new AXL/KRW pair. Day 1 trading volume quickly reached the top 5 on the leading S Korean exchange. https://t.co/JU1NenKHsq

— Axelar Network (@axelar) June 10, 2025

Apart from the AXL/KRW pair, the exchange also paired the token with the world’s largest stablecoin, Tether (USDT).

Axelar(AXL) KRW, USDT Market Support

✅ Supported Market : KRW, USDT Market📅 Trading opens at: 2025-06-10 16:00 KST (estimated)

🔗 Discover more:https://t.co/MIZKWdDko0#Upbit #AXL@axelar pic.twitter.com/ElCjwkZvVZ

— Upbit Korea (@Official_Upbit) June 10, 2025

Axelar Price Prediction

Before the listing, the AXL price was trading sideways, exhibiting only minor fluctuations. Over the past week, the price fluctuated from $0.329 to $0.300 and then returned to the resistance level at $0.330. However, the listing quickly caused its price to soar, reaching $0.619 in a matter of hours.

Following that, the price was rejected as traders took profit, which led it back down to $0.477 at its lowest point. This was where the token found its new bottom, and since then, it has started to recover, reaching $0.4892, at the time of writing.

Its Bollinger Bands, which saw a major widening during the initial surge, have been growing tighter consistently ever since the price started to drop. Still, they are seemingly widening again as the recovery commenced.

AXL/USDT chart analysis (Source: TradingView)

The token’s Relative Strength Index (RSI) value ventured deeply into the overbought zone, almost reaching the value of 100 at its highest. However, the RSI stopped at 97.67, which was when traders started to sell, causing it to drop back down to the value of 30, only a few hours ago.

However, that was when traders started buying again, which led the RSI to climb back up to 60 at the time of writing. Simultaneously, the token’s price began to rise again, surging back toward $0.50.

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