Quick analysis ‼️‼️ of the movement of $XLM ‼️‼️
Reveals a remarkable rise of more than 15% in just 24 hours. Japanese candles show a strong jump in liquidity and momentum,
Reflecting clear interest from buyers and their strong entry into the market.
Technical indicators:
• RSI at 92.78 indicates that the currency has entered an overbought state, which may mean an approaching corrective movement.
• MACD shows a positive trend with strengthening upward momentum, which supports continued growth in the short term.
• Stochastic RSI touches upper areas, which reinforces the need to be cautious of market volatility.
The price is expected to face strong resistance at $0.5320, while the main support is centered around $0.4182. We recommend trading with caution and following risk management strategies to ensure capital protection.
