Stellar (XLM) Price in Limbo: Here Are Two Scenarios for the Future Price


19 Sep 2023 10:49 AM

The Stellar (XLM) price prediction is undetermined due to mixed price action and RSI readings in different timeframes....

  • The Stellar (XLM) price has fallen since its yearly high in July and is approaching a long-term horizontal support level at $0.105.
  • The price broke out from a short-term descending resistance line but failed to sustain its upward movement.
  • The RSI reading is still bullish, suggesting that bulls still have an advantage.
  • If the price resumes its previous upward movement, the next resistance will be at $0.235.

The sentiment in the article is mixed. While there are signs of buying pressure and bullish indicators, the failure to sustain the breakout and the undetermined RSI reading suggest uncertainty in the price prediction.

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You May Ask

What is the current price of Stellar (XLM)?What is the long-term horizontal support level for XLM?What is the significance of the RSI reading in determining market conditions?What is the next resistance level for XLM if it resumes its upward movement?Has the bankrupt crypto exchange reported any plans to liquidate XLM tokens?

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