👀👀XLM Coin Price Analysis: Stellar on the Rise! 👀👀
Stellar (XLM) is an open-source blockchain network developed to provide fast and low-cost cross-border payment solutions. Stellar Lumens (XLM) is the native cryptocurrency of this network.
Stellar (XLM) Price Analysis
The upward trend on the Stellar (XLM) side seems to be continuing. Currently, the nearest resistance level is around $ 0.6550. If XLM manages to break this level, it may be possible to test the all-time high (ATH). However, if this resistance level is not broken and selling pressure comes from here, the price may correct.
Possible correction levels can be listed as follows:
The first support level is around $ 0.45. If this level is broken, a deeper correction may occur. The $0.35 level can be monitored as a strong support point.
In order for the uptrend to continue, it is critical for the $0.6550 level to be broken in volume and to be sustained above this level. In addition, the general market outlook and Bitcoin's movements can also have a significant impact on the XLM price. Along with technical analysis, it would be useful to follow fundamental factors (such as new partnerships, areas of use or macroeconomic developments).
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