Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
Prices of some currencies are bouncing today, according to CoinStats.
XLM/USD
XLM has risen by 1.26% since yesterday.
On the hourly chart, XLM price is trading near the local resistance level at $0.4097. If a breakout occurs, there is a chance to see a blowout to the $0.42 region by tomorrow.
On the longer time frame, the accumulated energy is still not enough for an upward move even if the daily bar closes around the current prices.
Related to
In this case, sideways trading around the $0.40 mark is the most likely scenario.
From a mid-term perspective, XLM price is within the previous weekly candle, which means neither side is in control. Hence, traders are unlikely to witness sharp movements anytime soon.
XLM is trading at $0.4047 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. We believe all content to be accurate as of the date of publication, but some offers mentioned may no longer be available.
Source link