XLM, the fourth largest Digital Asset has seen a 12% increase, before 2% being shaved off last night as it seeks to cool down before making the next step to $0.13.
What do the charts say?
Bullish
XLM cooled off to the 0.786 fibonacci at $0.118 before making another leg up by 0.45% - it appears that is where XLM will find temporary support before it bounces up to seek to break the $0.13 resistance. On the lower time frames, the 15/55/90 MA's are set to cross-over the next few hours, that will provide it enough momentum to break past the temporary resistance. Accumulation despite topping up during the past few hours, is slightly increasing up 2% on the day. Market sentiment is slowly increasing; partly owing to anticipation of a Coinbase listing shortly. Bearish
A close below $0.108 would represent a bearish cooling off period - especially over 48 hours. Nouvive Says: XLM has found temporary support at $0.118 seeking to wait for both how BTC is able to find a definitive support and for the Moving averages to cross-over. It is more than likely we will see a $0.136 break during the course of the day.