Very recently XLM
has seen a strong increase in value, after which is corrected over 25%. At the moment, XLM
is producing higher highs and higher lows, indicating a possible reversal of the short term trend. This, combined with the extra volume
increase might shoot XLM
back up just like a few days ago.
On the chart, I’ve marked two potential areas of resistance, R1 and R2. These areas are based on swing highs and round numbers. Do your own due diligence.