Attention, Stellar's XLM, that cryptocurrency that has been on fire 🔥 lately. Imagine that in the last month, XLM has made an impressive leap of more than 83%, yes, you read that right! And just in July, the rise has been more than 100%. 🤯 It's crazy, especially for a coin that isn't in the top 10 of the largest.
But here comes the drama: despite all that momentum, there is an invisible wall at $0.50. It's as if it gets there and boom, it bounces back. 💥 At the end of 2024, it experienced something similar, reaching $0.56 but unable to sustain it. And now, history is repeating itself. Right now, XLM is around $0.457, with a slight correction.
And why is it struggling so much? 🤔 Well, there are technical reasons. XLM has broken some bearish trends that were holding it back, and now it's in a "bullish wave" phase that, according to experts, should take it between $0.50 and $0.55. Additionally, the buying volume is high, which is normally a good sign.
But the problem is that $0.50 is not just a number; it's a psychological barrier for investors. If XLM can't stay above that price for a while, people start to doubt and think about selling. It's crucial that it surpasses that mark so we can see new records. Will it succeed this time or will we continue in the "so close, yet so far"?
