XLM consolidating before a big move up!?
Updated
In my previous analysis (linked) I spoke about the importance of the 880sats Weekly Support which represents the top of XLM's previous accumulation zone. Price is testing this Support for a 3rd time now, if this level continues to hold and a bullish candle is formed it would confirm a Higher Low on the HTFs. This would be very similar to what occurred on the 703sats Weekly Support just before the most recent move up. Are we about to see a bullish run to test the next Weekly Resistance of 1628sats or will the 880sats level be lost?
Note
Weekly Support of 880sats lost, price likely headed for the next Weekly Support of 703sats.
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