XLM price moves sideways between 50 and 100-day EMA.
Resistance trendline indicates strong selling pressure.
Break below 100-day EMA could push XLM below $0.10.
XLM faces significant resistance at $0.16, with sellers controlling bullish momentum.
Downtrend exerts pressure on 100 and 200-day EMA.
Price trapped between 50% and 38.2% Fibonacci levels, consolidating between $0.119-$0.129.
Intraday fall of 2.15% sees XLM testing $0.119 support.
Breakout from current Fibonacci levels will indicate next move.
Potential double top formation suggests possible downtrend.
If price drops below 100-day EMA, 200-day EMA buyers may step in, stressing the $0.10 mark.
Bullish scenario: If XLM breaks 50-day EMA, it could target $0.142.
Resistance trendline indicates strong selling pressure.
Break below 100-day EMA could push XLM below $0.10.
XLM faces significant resistance at $0.16, with sellers controlling bullish momentum.
Downtrend exerts pressure on 100 and 200-day EMA.
Price trapped between 50% and 38.2% Fibonacci levels, consolidating between $0.119-$0.129.
Intraday fall of 2.15% sees XLM testing $0.119 support.
Breakout from current Fibonacci levels will indicate next move.
Potential double top formation suggests possible downtrend.
If price drops below 100-day EMA, 200-day EMA buyers may step in, stressing the $0.10 mark.
Bullish scenario: If XLM breaks 50-day EMA, it could target $0.142.
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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.