abu meghnas
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#XLM
A detailed and in-depth analysis of the currency $XLM
Overview: Correction after strong gains
The Stellar (XLM) currency saw a significant increase in July, rising by up to 71%, but it has entered a sharp correction phase over the past seven days, with a decline of about 12%. The last closing price was 0.4073 USDT, after a drop from the peak of 0.5204 on July 18, indicating short-term selling pressure.
-Support levels:
- First support: 0.3928 USDT (lowest level reached on July 31)
- Second support: 0.3736 USDT (bottom of July 13, strong psychological and technical support)
- Third support: 0.3464 USDT (lowest level in July, critical level)
- Resistance levels:
- First resistance: 0.4243 USDT (peak of July 31)
- Second resistance: 0.4408 USDT (peak of July 26)
- Third resistance: 0.5204 USDT (last peak, important psychological level)
- The current downward strength is at its highest: with a break of the 0.41 level and consecutive bearish candles forming, momentum leans towards further correction. Trading volume has decreased in recent days, which may indicate selling accumulation before a significant move.
- Condition for upward movement: The price needs to break 0.4243 with a daily close above it, accompanied by an increase in volume, to restore confidence in resuming the upward trend.
Follow us and share your opinions.
#XLM
$XLM
#xrp
$XRP
#ETH
#TRUMP
A detailed and in-depth analysis of the currency $XLM
Overview: Correction after strong gains
The Stellar (XLM) currency saw a significant increase in July, rising by up to 71%, but it has entered a sharp correction phase over the past seven days, with a decline of about 12%. The last closing price was 0.4073 USDT, after a drop from the peak of 0.5204 on July 18, indicating short-term selling pressure.
-Support levels:
- First support: 0.3928 USDT (lowest level reached on July 31)
- Second support: 0.3736 USDT (bottom of July 13, strong psychological and technical support)
- Third support: 0.3464 USDT (lowest level in July, critical level)
- Resistance levels:
- First resistance: 0.4243 USDT (peak of July 31)
- Second resistance: 0.4408 USDT (peak of July 26)
- Third resistance: 0.5204 USDT (last peak, important psychological level)
- The current downward strength is at its highest: with a break of the 0.41 level and consecutive bearish candles forming, momentum leans towards further correction. Trading volume has decreased in recent days, which may indicate selling accumulation before a significant move.
- Condition for upward movement: The price needs to break 0.4243 with a daily close above it, accompanied by an increase in volume, to restore confidence in resuming the upward trend.
Follow us and share your opinions.
#XLM
$XLM
#xrp
$XRP
#ETH
#TRUMP
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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