💡 Quick technical analysis:
✅ Sharp drop reshuffles the cards! After XLM recorded a local peak at $0.5206, the price has currently retreated to $0.4342, down -7.64% over 24 hours – which may open the door for a rebound or testing new support.
✅ RSI in the oversold area! At 19.95, the Relative Strength Index (RSI) has entered the oversold area, which may indicate a potential upward rebound or the entry of new buyers!
✅ MACD is still negative but... the downward momentum has started to slow down, and we may see a positive crossover if the price continues to hold above $0.425.
📊 Moving Averages (MA): The price is close to the support of the MA(10) and MA(5) – levels that could form a base for a new launch.
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🚀 Expected scenario:
If XLM can hold above the $0.425 area, we may see an upward rebound towards $0.47, and then $0.50 later. However, if support breaks, the next level at $0.38 will be critical.
🔥 Is XLM preparing for a new launch?! The current heavy selling may be an opportunity for smart accumulation, especially with the RSI entering the oversold area, setting the stage for a sudden rebound.
💬 Share your opinion: Do you think XLM will rise again towards $0.50? Or is there more correction before the launch? 🚀👇