Things have heated up with the cryptocurrency Stellar (XLM) and people are wondering if it can really do what its cousin, XRP, did. 🚀
WARNING! The price of Stellar (XLM) is settling into a pattern that experts call an "ascending triangle", and that's a brutal signal. The last time it did something like this, in 2017, things went parabolic and the price shot up to the sky. 📈
Additionally, a "golden cross" has appeared on the weekly chart, an indicator that has historically been the red carpet for a massive rally. All of this points to a technical target of 2.15 dollars, a rise that would shake more than one person!
But not everything is rosy, my people. The coin has to break through some very strong resistances that are between 0.70 and 1.00 dollar.
If it doesn't succeed, things could get ugly and drop to 0.30 dollars. And as if that weren't enough, its "social dominance" (the interest people have in it) has collapsed by 70%. That means people are like... they're not paying as much attention, and that can affect confidence.
The truth is that Stellar is at a crucial point. The question is: will it be able to overcome these obstacles and prove that it has what it takes to soar like XRP, or will it remain stuck on the ground? 🧐$XLM
