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Most currencies continue to trade in the green today, according to CoinMarketCap.
XLM/USD
XLM is up nearly 12% over the past day.
On the hourly chart, XLM price is approaching the local resistance level of $0.4819. Since most of the daily ATR has been crossed, there are low chances of seeing any sharp moves soon.
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However, if the bar closes near or above the mentioned mark, growth may continue to the $0.50 region tomorrow.
On the longer time frame, you should pay attention to the candle closing at $0.4718. If that happens around it, traders could see a test of the $0.50-$0.52 range soon.
From a mid-term perspective, XLM price is in the middle of a broad channel. In this case, focus should be placed on the psychological level of $0.50. If the weekly bar closes near it and without a long wick, growth may continue to $0.60.
XLM is trading at $0.4738 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.
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