Most coins keep trading in the green zone today, according to CoinMarketCap.
XLM/USD
The rate of XLM has rocketed by almost 12% over the last day.
On the hourly timeframe, the Stellar Lumens (XLM) price hovers close to its immediate resistance point at approximately $0.4819. With the majority of the daily Average True Range (ATR) already surpassed, it’s unlikely that significant price swings will occur in the near future.
If the bar ends up closing close to or beyond the specified level, there’s a possibility that the price could move towards the $0.50 zone tomorrow.
Over the long term, keep an eye on where the candles close near the $0.4718 mark. If this occurs, traders might observe a potential test of the $0.50 to $0.52 price range in the near future.
Looking at the midpoint analysis, XLM’s price is positioned right in the middle of a broad range. It would be prudent to keep an eye on the significant level of $0.50. If the weekly candle closes close to this point and doesn’t have a long tail, there could be potential for further growth towards $0.60.
XLM is trading at $0.4738 at press time.
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2025-01-15 13:37