XLM – ALTCOIN CHART ANALYSIS

XLM continues to be in a downtrend. We continue to fight for our support area around $0.09. We are currently trading at around $0.10.

On the daily chart, the EMA ribbons continue to push us lower. The RSI was able to form a small uptrend, but without really increasing trading volume.

We don't want to see that in a trend like this. We recently failed at a higher high. Nothing is really pointing to an end to the downtrend right now.

Rather, we must continue to cast our eyes on lower prices. Our closest support is around $0.087. So we would have filled up the last pump that we formed at the end of November 2020. If we remain stable here, we could start a fresh attempt to the upside.

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