XLM, the original symbol of the star and the XRP competitor, is preparing for a huge decrease in prices as a declining price pattern formed on the time frame for four hours. The original maintains more than one decisive level, but due to the morale of the Haboodi market and the continuous low prices, it has reached a critical or broken level.
Technical analysis xlm and the next level
According to expert technical analysis, XLM formed a declining and shoulder pattern and is about to collapse as it is currently in the neck line. Based on the latter price momentum and historical patterns, if the assets violate this level and close a four -hour candle less than $ 0.265, there is a strong possibility to decrease by 30 % to reach $ 0.19 in the coming days.
Amid the continuous and continuous declining market morale and the continuous low prices, the original has already been traded less than the SIA moving average (EMA) on both daily time frames and four hours. This indicates a short and long -term trend.
Currently the price of the price
XLM is currently trading near $ 0.275 and has witnessed a decrease in prices to more than 4.5 % over the past 24 hours. During the same period, due to the unexpected movement of the market, the trading volume decreased by 35 %, indicating a decrease in the participation of traders and investors compared to the previous days.
Excessive trading in situations
At the time of the press, merchants are exceeded at $ 0.27 at the lower level and 0.285 dollars at the upper level, as stated by the Analysis Company on the series Coinglass.
Data also reveals that traders have built long sites worth $ 500,000 at the lowest level and a $ 2 million follow -up on the upper floor, indicating that the bears are currently dominating. This indicates a strong possibility that the original can decrease in the short term.
