The market is currently in a neutral mode and the rate of XLM has declined slightly. On the hourly chart, the price of XLM has established a resistance level of $0.4788. There is a low chance of any significant price movements by the end of the day. On the bigger time frame, the rate of XLM is far from key levels and sideways trading between $0.44-$0.48 is expected. In the midterm, the price of XLM is in the middle of a wide channel, but if buyers can push the rate to $0.50, there is a chance of an upward move to the $0.55-$0.60 range. Currently, XLM is trading at $0.4608.



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