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Xlmusdtechnicalanalysis

XLMUSDT - THE DOWNTREND MAY PERSISTSymbol - XLMUSDT XLMUSDT is currently entering a correction phase following an attempt to establish an uptrend. The price is breaking key support levels due to a shift in market structure and the ongoing correction in Bitcoin. As Bitcoin undergoes a corrective phase, it is exerting additional pressure on the already fragile altcoin market. This bearish sentiment is partly fueled by the disappointment within the cryptocurrency community, stemming from the lack of mentions regarding cryptocurrencies in President Trump’s recent speech. The market is attempting to process this development as part of the broader corrective phase. From a technical perspective, XLM is breaking through its ascending support within the broader descending channel, indicating continued bearish pressure. Key support levels: 0.4175, 0.3895 Key resistance levels: 0.4600, 0.4955 Attention is focused on the previously breached channel boundary and the support level at 0.4177. The price may retest this broken channel boundary before potentially declining further. However, a sustained breakdown and consolidation below 0.4177 could trigger increased selling activity.
Short
by akshit_official
XLMUSDT breaking out Flag Patter 5th WaveTechnical Analysis: 1. Backtesting within 7 days shows no clear patterns for MACD, RSI, BOLL, and KDJ indicators. 2. Backtesting within 30 days also does not show any clear patterns for MACD, RSI, BOLL, and KDJ indicators. 3. The current BOLL support price is $0.1201 and the resistance price is $0.1231. Fundamental Analysis: 1. Stellar (XLM) is an open network that aims to facilitate the movement and storage of money. 2. The native token of the Stellar network is called lumens. 3. Stellar aims to boost financial inclusion and enable financial firms to connect with each other through blockchain technology. 4. The total token supply is 50,001,802,942 XLM, with a circulating supply of 23,404,278,684 XLM. 5. The current market cap of Stellar is $3,506,513,084. 6. The current price of XLM is $0.12226, with a 24-hour price change of +2.34% and a 7-day price change of +6.21%. 7. The trading volume for today is $3,232,809.16. Market Sentiment: 1. The Market Sentiment Index is 82, indicating extreme greed. Based on the technical analysis, there are no clear patterns indicating a specific trend for XLM within the past 7 days or 30 days. However, the current BOLL support and resistance prices can be used as reference levels. Considering the fundamental analysis, Stellar aims to revolutionize the financial industry and enable cost-effective cross-border asset trading. The market sentiment is currently indicating extreme greed. Please note that this analysis is based on the provided data and does not take into account any external factors or future events that may impact the price of XLM. Risk Disclosure: Predictions are for reference only, not investment advice. Investing involves risks; please make decisions cautiously
Long
by nikhilbansal
XLM/USDT- Potential Bounce Supported by Strong Confluence ? In this XLM/USDT technical analysis, we'll explore the key factors supporting a potential bullish bounce for Stellar Lumens (XLM) against the US Dollar (USDT). Buying/Support Area - 0.1300: The XLM/USDT pair has established a robust buying/support area at the 0.1300 level. This level has historically acted as a foundation, limiting downside movement and indicating a strong demand zone for XLM. Confluence with 200 EMA: A significant element enhancing the bullish outlook is the presence of the 200 Exponential Moving Average (EMA) around the 0.1300 level. The 200 EMA is widely acknowledged as a key indicator of long-term trend strength. Expecting a Price Bounce - 0.1500 to 0.1600: Based on recent price action and technical analysis, there is a strong expectation of a price bounce for XLM/USDT. The price is likely to rebound within the range of 0.1500 to 0.1600. Conclusion: Technical analysis of the XLM/USDT pair indicates a compelling opportunity for traders to consider a bullish stance. The well-defined buying/support area at 0.1300, coupled with the expected price bounce range of 0.1500 to 0.1600, presents an attractive risk-reward scenario. The presence of the 200 EMA further reinforces the confluence, lending credibility to the projected price movement. Remember that trading involves inherent risks, and past performance is not indicative of future results. Conduct thorough research and consider consulting with financial professionals before making trading decisions.
Long
by Un_trade