A new week has started with a neutral mode on the market, according to CoinMarketCap.
XLM/USD
The rate of XLM has declined by 0.23% over the last 24 hours.
Looking at the hourly chart, XLM’s price may have established a nearby barrier at around $0.4788. Since the majority of the daily Average True Range (ATR) has been surpassed, it seems unlikely that we will witness significant price swings before the end of today.
Over a larger time period, the price of the altcoin isn’t close to important price points yet. If the day ends near the present prices, it seems more probable that we’ll see sideways trading within the range of approximately $0.44 to $0.48.
Looking at the midpoint analysis, the price of XLM is currently situated right in the broad price range. For investors aiming to take control, pushing the rate back up towards the short-term target of around $0.50 would be necessary.
If that happens, there is a chance of seeing an ongoing upward move to the $0.55-$0.60 area.
XLM is trading at $0.4608 at press time.
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2025-01-20 18:16