Attention, crypto family! 🚨$XLM /USDT is making waves and we need to keep an eye on it. After an interesting bounce from $0.2636, we're seeing good bullish pressure, but watch out for resistance!
The price has reached up to $0.2707, a key level. If it manages to break and consolidate above that resistance, we could see an interesting movement. The moving averages (MA7, MA25, and MA99) are acting as dynamic support, which is a good sign. The MACD also shows a positive divergence, which could indicate bullish momentum.
However, we must be cautious. The money flow over the last 24 hours shows more outflows than inflows, with -416,226 in the last 24 hours and a net outflow of -11.89M in the last 5 days for large orders. This could be an indication of manipulation, where the "big players" are making moves for their own interests. Be very careful with that!
Although the order book shows 53.08% offers (sales) compared to 46.92% demands (purchases) at current prices, suggesting some selling pressure, it's important to see if the current momentum can overcome that barrier.
In summary, XLM is at a crucial point. Patience will be key. If we see a confirmed breakout above $0.2707 with volume, we could be looking at an opportunity. But always with a cool head and managing risk, because in this market, manipulation is the order of the day!
