Stellar (XLM) Broke Down From The Descending Triangle, Fresh Lows On Chart?
Stellar (XLM) picked up pace on the daily chart as the coin registered some upward movement. The coin has been trading within a descending channel. Although the coin was moving sideways, if bulls reclaim the chart XLM can break above the channel. Technical outlook for the coin remained bearish. Buying strength also remained considerably low. Recent sell off in the market has caused the coin to lose its $0.107 support line. If the coin does not rise above the resistance mark of $0.107 then the altcoin is set to lose some of its value again. Buying strength has to recover in the market for....
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The Stellar price has crashed by double digits over the past week, mirroring the dwindling climate of the altcoin market. However, if the latest price action is anything to go by, XLM could be gearing up for a significant bullish rally in the coming days. Here’s How XLM Is Gearing For A 20% Move In a new post on the X platform, prominent crypto analyst Ali Martinez put forward an interesting prognosis for the Stellar price over the next few days. According to Martinez, the price of XLM could experience some relief soon, as a 20% upward move appears to be on the horizon. Related Reading:....
XRP has been declining over the past few days, making a retest of this Descending Triangle’s lower boundary possible, according to an analyst. XRP Has Been Moving Inside A Descending Triangle Recently In a new post on X, analyst Ali Martinez has talked about where XRP may be heading next, based on a Descending Triangle. This technical analysis (TA) pattern forms when an asset’s price witnesses consolidation between two converging trendlines. The main feature of the pattern is that its lower trendline is parallel to the time-axis. This level acts as a support boundary, while the....
After a turbulent start to the week, the Stellar price seems to be finding some stability, briefly climbing above the $0.28 level this weekend. This growing momentum has sparked interest from market enthusiasts, with prominent crypto analyst Ali Martinez projecting the XLM token to soon experience a sustained price rise. Related Reading: Bitcoin Price Breaking Out Of This Pattern — Can BTC Reclaim $90,000? XLM Primed For 40% Price Gain In an X post on March 15, Martinez shared an intriguing projection for Stellar price after rebounding off a crucial level. Martinez noted that the altcoin....
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