CandleFocus Ripple Rival Stellar (XLM) at a Critical Level, Will Price Soar or Crash?
2025-02-20
Author: Content Editor
Stellar (XLM) is facing a critical level of resistance, which will determine whether it will rally or plunge in the coming days. If XLM breaks above this level and closes a daily or four-hour candle above $0.35, it could soar by 22% to reach $0.43. However, if it fails to breach this level, it could plunge by 10% to reach $0.30. Currently, XLM is trading above the 200 Exponential Moving Average (EMA), indicating an uptrend. While XLM has seen a recent surge in price and open interest, there has been a decline in trader and investor participation, leading to a drop in trading volume. Additionally, on-chain analytics reveal that XLM tokens worth $4 million have been dumped in the past 48 hours.
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