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XLMUSDTPERP

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