“ 🎸From the top of the pole I watch her go down 🎸She got me throwing my MONEY around 🎸Ain't nothing more beautiful to be found 🎸It's going down, down 😂🎼
We all know that no one wants to miss this bull market. Everyone want to make side income to support miserable salary and cover the 2021 losses… Whales and Market makers already know that. They are not here for to give you money for free. If you want to make money from this market YOU SHOULD PLAY THEIR GAME NOT YOURS. And trust me their game is not that easy to spot 😏😏😏
People who bought the top are taking some good lessons. They already started regretting their decisions 😏😏 Too much anger now about theses three : $PEPE $TURBO $1MBABYDOGE
We just have seen a massive movement to the downside,looking for liquidity from buyers correcting the prices. It just found support on the breaker block from the last movement to the upside.My expectancy is that this coin will see a correction to the price leading to the upside,correcting the strong sell out that had happened in the last couple of days.
XLM Price Prediction, Could Stellar Hit $2? Expert Insights
The post XLM Price Prediction, Could Stellar Hit $2? Expert Insights appeared first on Coinpedia Fintech News
XLM, Stellar’s native token, is poised for notable upside momentum, as predicted by a crypto expert in a recent post on X (formerly Twitter). On December 13, 2024, the expert boldly predicted that XLM could reach $2, representing nearly a 350% increase in value.
Expert Predicts XLM to Surge 350% to $2
However, experts believe the recent sharp price decline is just a temporary setback on the path toward XLM reaching $2.
Current Price Momentum
The past few days haven’t been favorable for XLM, as it hasn’t experienced any significant price changes. However, today the token saw an impressive price surge of over 5% in the past 24 hours. With this, the XLM price has now risen to the $0.437 level.
Despite the price increase, its trading volume dropped by 13% during the same period, indicating lower participation from traders and investors compared to the previous day. Data also shows that over the past 7 days, the asset is still down by 13%.
XLM Technical Analysis and Upcoming Level
In addition to this prediction and recent price performance, CoinPedia’s technical analysis suggests that XLM is demonstrating bullish price action on its daily timeframe. According to the XLM daily chart, it appears that the asset is forming a bullish flag-and-pole price action pattern and is currently consolidating near the breakout level.
Source: Trading View
Based on price action, if XLM breaks out of this pattern and closes a daily candle above the $0.47 level, there is a strong possibility it could initially rise by 32% to reach the $0.63 level. Furthermore, based on the pattern, XLM could potentially surge by 537% to reach the $3.04 level in the future.
On the positive side, XLM’s Relative Strength Index (RSI) remains below the overbought zone, indicating that the asset has sufficient room to rise in the coming days.
$118 Million of XLM Outflow from Exchanges
This bullish technical analysis is further supported by on-chain metrics. According to the on-chain analytics firm Coinglass, XLM’s spot inflow/outflow data reveals that exchanges have experienced a significant outflow of XLM in recent days. Over the past 10 trading days, exchanges have witnessed a substantial $117.80 million worth of XLM outflow.
Source: Coinglass
In the cryptocurrency landscape, outflow refers to the movement of assets from exchanges to wallets, which signals bullish sentiment for the asset. This trend further suggests the potential for an upside rally and an ideal buying opportunity.
Positive points : - Very strong community - Good investment in advertising - 100% of the total supply have been added to the market - Max supply limited at 100B
Negative points : - Circulating supply 60% of max supply : Inflation warning ! - Play to earn coin : Inflation warning !
Technical analysis : We reached a strong resistance presented by the peak of the volume clusters. The selling pressure have been absorbed since the last pump. This is an indication of a bullish bullish accumulation phase.
I expect the coin to target the all time high in the next weeks.
*Risk : Coin could go to zero ! *Reward : First low risk target set at 62%. Higher risk target : 262%
Stop generating posts from ChatGPT ! TRADERS ARE NOT STUPID TO READ YOUR GPT POSTS ! 😠 They are not realistic and too fastidious to read. The worst is you copy paste it and think you are adding value to your followers. No one reads them. In addition, general advices like “ you should do proper money management ” , “ you should make realistic targets” are helpless.
If you want to add value to the market and have good community, tell us what YOU have developed as strategies and what YOU have learned from your trading experiences.
Thanks to platforms for liquidating long traders who thought they will make money faster than everyone else . 😂 Now Pumpit and make them cry 😎 $HMSTR $BOME $MEME