XLM (Stellar) has broken the parent downtrend (yellow line). Despite this, we haven't seen any real momentum to the upside so far. Right now we're trading at around $0.11.
The Daily-EMA Ribbons remain resistance and the buying volume is also decreasing. We should therefore only expect the first bullish impulses from USD 0.13 when we have formed a higher high.
However, we have broken the sell-off from May 12th, 2022 again and thus brought liquidity into this area, this is a good sign for the further course and could speak for a bottoming out at XLM.
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