XLM Today's Interpretation
Key Points:
Currently, XLM is in a diagonal pattern consolidation.
Technical Analysis: It is near the diagonal edge; although the daily chart closed with a bearish candle, we need to observe whether there will be an occurrence of 'alternating bullish and bearish' as per momentum theory. If alternating occurs, the possibility of an upward movement will greatly increase.
External Environment Impact: Market sentiment is neutral, the macro environment shows no significant pressure, and news is mixed, resulting in limited overall impact.
Overall Analysis and Judgment: Currently, the XLM market is in a diagonal fluctuation, with prices experiencing slight adjustments at the diagonal edge. If regularity appears during a one-hour adjustment and the fluctuation center shifts upward, there is a possibility of continued rise.