The rates of some coins are bouncing off today, according to CoinStats.
XLM/USD
The rate of XLM has risen by 1.26% since yesterday.
On the one-hour price graph, XLM is close to the nearby resistance level at approximately $0.4097. Should it manage to break through this level, there’s a possibility of reaching around $0.42 by the next day.
Looking at a larger time perspective, the total amassed energy isn’t sufficient yet for a price increase, despite today’s closing price being around the current levels.
In this case, sideways trading around the $0.40 mark is the more likely scenario.
Looking at the mid-term perspective, the XLM rate remains similar to its previous weekly range. This suggests that neither side has a clear advantage, indicating potential stability rather than significant price swings in the near future for traders.
XLM is trading at $0.4047 at press time.
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2025-01-10 19:26