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After a period of fluctuations, the stars were combined, and the procedures give prices conflicting signals. The assets test the important support levels that can dictate its next step, and it is currently trading at about $ 0.38. While 16 % recovery to approximately 0.44-0.45 dollars is possible, XLM also faces the risk of more declines if the declining momentum has started steam.
It is necessary to exceed $ 0.35, which corresponds to 100 EMA and historically working as a support zone, necessary for XLM to start strong recovery; $ 0.40, which is the psychological level that also corresponds to the short -term averages, is the first fracture resistance in the event of increased purchase pressure. XLM has already been rejected in a 0.44-0.45 dollar range, but the successful interruption above $ 0.40 would move the momentum in this direction.
The next important resistance level may be re -tested, $ 0.47, if the bulls maintain their momentum. RSI indicators and other important indicators indicate that XLM is close to the sales lands, which means that buyers may intervene soon. It is very likely that the market will recover about $ 0.44 -0.45 dollars if the size rises.
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It can become fast if XLM cannot keep $ 0.35. In the past, deeper sales have been avoided by 200 EMA, which is the next important support at $ 0.33. XLM will decrease to $ 0.27, which is the lowest price before the November Rally, if that will penetrate this level. The losses may increase if 0.40 dollars are not recovered quickly because this may also encourage sellers on the open.
If Bitcoin persists, XLM may be pulled towards low support areas with a total market decrease. For the next movement of XLM, the range of $ 0.35 to $ 0.40 is necessary. While losing support at $ 0.35 may lead to $ 0.33 or even $ 0.27, keeping over this area will lead to $ 0.44 -0.45 dollars. To determine the direction of the original, merchants must closely monitor these levels.
