Fomo’s basic feelings, but in the near -term gains limited

The price of XLM has returned to the upper direction on Friday, reflecting the recovery of the broader encryption market. The currency increased by 1.7 % and traded at $ 0.298 at the time of writing this report, but it is still 10.1 % on year. The trading volume increased 24 hours in the currency by 15 %, indicating the promotion of bullish momentum.

The continuous Bitcoin residence provided over the $ 100,000 mark for the broader market with traction. The price of RSI on XLM PRICE DAILY is 57, raising the possibility of the continuation of the upward trend. On the negative side, XLM’s bullish trend can be limited to a decrease in the volume of open interest.

Until these lines, this number reached 91.2 million, after reducing it by 1.6 % in the past 24 hours. The open weakness momentum weakens the investor’s confidence in the performance of the currency, and can add the resulting feelings to the XLMUUSD trading pair.

However, with the appearance of Bitcoin apparently to hit the $ 110,000 sign, XLM and XRP are Altcoins with FOMO feelings (fear of loss) because of its height in the settlement of financial transactions. This translates into a higher growth head space for a coin, especially in light of the current low prices.

However, the short -term performance will continue to be tied with Bitcoin performance, and the broader Crypto brand is likely to withdraw the broader coding market.

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XLM prediction price

The price of XLM has a momentum at $ 0.297 and the procedure above this level indicates the upscale control. The currency is likely to meet the first resistance at $ 0.300. However, the expanded control by buyers will break this level and the procedure can take a higher test for $ 0.302.

On the other hand, the transition to less than $ 0.297 will prefer sellers to control. This first support is likely to witness at $ 0.295. The bullish direction would be invalid if the price is less than this level. In addition, this momentum can pay the price to less and the second support test at $ 0.293.