xlm is on its trend line in daily timeframe, it just broke it but came back to it
In my opinion, by breaking the downtrend line, it can reach the trading ceiling and resume its uptrend and return to higher numbers. It may even reach the last Fibonacci level, which is $ 3.7, but it is unlikely.
The second scenario that can be considered is suffering in the range of 20 cents to 40 cents
But the downside scenario is that Stellar may fall again and reach its support line which is in the range of 12 cents, of course, given the RSI, which shows a sell-off, it reduces the possibility of a fall.
I forgot to say that I drew that vertical line on the chart using Ichimoku time analysis in the weekly time frame.
In my opinion, by breaking the downtrend line, it can reach the trading ceiling and resume its uptrend and return to higher numbers. It may even reach the last Fibonacci level, which is $ 3.7, but it is unlikely.
The second scenario that can be considered is suffering in the range of 20 cents to 40 cents
But the downside scenario is that Stellar may fall again and reach its support line which is in the range of 12 cents, of course, given the RSI, which shows a sell-off, it reduces the possibility of a fall.
I forgot to say that I drew that vertical line on the chart using Ichimoku time analysis in the weekly time frame.