XRP rival StellarThe main network presence of the XLM Coin is facing a harsh loss due to the Bearish (drop) formation that occurs in the four -hour time period. Altcoin is currently trying to hold on a significant level of support, but negative air and technical indicators in the general market indicate that the price may face a decrease of up to 30 percent in the short term. Experts XLMHe predicts that he completed his shoulder head -to -shoulder formation and may fall to $ 0.19 with candle closing below $ 0.265.
XLM Technical Analysis and Possible Scenarios
XLM’s four -hour graphics Shoulder head shoulder formationis interpreted as a classic decline signal. In order to complete the formation, Altcoin needs to see the $ 0.265 level. If this level is broken, the technical target was determined as 0.19 dollars. In addition, XLM’s daily and four -hour time periods 200 Exponential moving averageThe fact that the process is discussing under the EMA (EMA) confirms that the trend is a decline.
XLM, which depreciated by 4.5 percent in the last 24 hours, is moving around $ 0.275. The 35 percent decrease in transaction volume shows that investors are cautious. Analysts draw attention to the risk of liquidation of excessive leveraged long positions at $ 0.27. These liquidations altcoinIt can increase sales pressure at ‘.
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Market Data for Stellar
CoNSS data shows that the Long position of $ 500,000 at $ 0.27 at XLM. The $ 2 million dollars of $ 0.285 support the decline scenario. The distribution of open positions indicates that bulls lose control and the price may fall further.
Low market participation may cause XLM to remain vulnerable to technical levels. In particular, high volatility and macroeconomic uncertainties in Bitcoin (BTC) create additional pressure on Altcoins. This table says that Stellar broke short-term supports and triggers the stop-loss orders of investors and accelerates.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
