XLM market cap dominance has broken out of a 5 year old falling wedge and it is currently retesting the breakout. We will find out in the next few days whether it will be a successful retest or a failed breakout. For a successful retest we need a violent spike in the market capitalization relative to the rest of the market.
Not Financial Advise Do Your Own Research !
Big Support at 0.33 % Dom.
Estimated target and local big resistance at 0.77 % Dom.
Further targets from the FIB Retracement where previous resistance earlier.
MACD Converging Bullish into a bullish cross. Waiting for next weeks confirmation.
Not Financial Advise Do Your Own Research !
Stellar Lumen’s Dominance has moved mostly within the lowest Fibonacci level of the most recent retracement from the latter half of 2019. Look for XLM to retest the .89 level again soon and possibly breakthrough. XLM would shock any doubters if it reclaimed its market dominance all time highs of between 2-3%
