Sideways Movement: XLM is stuck in a consolidation phase, struggling to gain momentum.
Death Cross Warning: The declining 50-day EMA is nearing the 200-day EMA, signaling a possible death cross.
YTD Growth: Despite the consolidation, XLM has a 34% year-to-date growth.
Discounted Price: XLM is trading at a 42% discount from its 52-week high of $0.1959.
Intraday Fall: XLM's price is at $0.1123, with an intraday fall of 2.04%.
Buyer-Seller Struggle: There's a constant tug-of-war between buyers and sellers.
Psychological Support: Buyers seem to be holding the line at the $0.1092 mark.
Technical Indicators: The DMI indicator shows a falling ADX line, indicating loss of momentum.
Indecisive State: The DI lines in the DMI indicator are merging, reflecting market indecision.
Bullish Reversal: A move above the 50-day EMA could push XLM to $0.13, a 15% jump.
Bearish Scenario: A breakdown could see XLM plummet to $0.1069.
Market Recovery: The overall crypto market is recovering, which could influence XLM's direction.
Death Cross Warning: The declining 50-day EMA is nearing the 200-day EMA, signaling a possible death cross.
YTD Growth: Despite the consolidation, XLM has a 34% year-to-date growth.
Discounted Price: XLM is trading at a 42% discount from its 52-week high of $0.1959.
Intraday Fall: XLM's price is at $0.1123, with an intraday fall of 2.04%.
Buyer-Seller Struggle: There's a constant tug-of-war between buyers and sellers.
Psychological Support: Buyers seem to be holding the line at the $0.1092 mark.
Technical Indicators: The DMI indicator shows a falling ADX line, indicating loss of momentum.
Indecisive State: The DI lines in the DMI indicator are merging, reflecting market indecision.
Bullish Reversal: A move above the 50-day EMA could push XLM to $0.13, a 15% jump.
Bearish Scenario: A breakdown could see XLM plummet to $0.1069.
Market Recovery: The overall crypto market is recovering, which could influence XLM's direction.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.