XLM is ready to break its yellow descending channel. Above 0.1127 and with a sustained trading, the token shall quickly test the 0.116-0.117 band, last rampart for the bears. Big picture shows textbook Elliott wave impulsive advances since the February low coupled with corrective falls. The token has much more up and down sequences to do before a real and long correction occurs. The only black point is the overbought territory of the technical indicator. But we have often see markets still rising with such conditions.
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