XLMUSD price is exiting the last descending resistance channel in the Nov. 23 downtrend and is still within rising channels in the Dec. 20 uptrend. To exit the downtrend, all we need is more horizontal consolidation for a day or two.
XLMUSD XLM is entering a corrective phase after an attempt to establish an uptrend. The price is testing critical support levels amid broader market dynamics influenced by Bitcoin's correction.
Bitcoin's ongoing pullback has exerted downward pressure on the altcoin market, with sentiment dampened by the lack of significant cryptocurrency mentions in recent key events. The market is recalibrating expectations, contributing to a broader correction.
From a technical perspective, XLM is breaking below its ascending support within a larger descending channel, signaling continued bearish momentum.
Key Levels to Watch:
Support: 0.4177, 0.3896
Resistance: 0.460, 0.4955
Attention remains on the critical support level at 0.4177 and the previously broken channel boundary. A retest of these levels may occur before further downward movement. However, a sustained breakdown below 0.4177 could lead to additional selling pressure.
XLMUSD using .429 as the swing-low on the 5-minute chart, we just crossed a fib extension level around .434. If we find support, the next one is at .435. And we're rising into the center channel of the upward fib-fan. After that comes .4358, .4366, .4377, and .44
BTC.D this thing is likely getting rejected by 59% multiple times, but whales are still pumping it strong. 🤷 This way they cancel altcoin moves, like yesterday, XRP and XLM were ready to shoot higher but were forced down by BTC.D XRPUSDXLMUSD
My 5 picks For sustained 4-10x Growth over the next 3-4 Month Are: 1) Solana Possibly to 400-600. 2) AAVE: to 500-700 3) xrp: to 9-12 4) Xlm: to 3$+ 5) link is either going to bethis years avax....OR EVERY YEARS CARDANO....lol
it all depends on whether or not Bitty voted Republican...lol....We´ĺl find out within a fortnite