After the continuous decrease in the January height, XLM published a noticeable loss and became declining. After it decreased by 22 % a week, it is trading in support and appears to be prominent in an increase.
After the first decline phase that raised the price to the lowest level a month, she wore XLM again but failed to pay the price above the level of $ 0.51. It distinguishes the resistance there and started a drop.
This decrease led to another decline and the price tested a decrease of $ 0.26 after three weeks of fixed declines. While this caused a major collapse at the level of decisive support of $ 0.32, the price did not remain much there due to an objection to the rise and exchange of encryption above this support.
In the face of the resistance at $ 0.37, Crypto lost a fist again and resumed drops, although the pressure looks low. If the bulls benefit from this weakness, we may see a new increase any time soon. As of now, the recovery marks have not yet appeared.
Meanwhile, the last three days were boring for many merchants because they had not seen little or non -existent. The aforementioned level of support still maintains the speculation of the Haboodi market. A clear collapse of this support may bring us back to the lowest weekly level before the decrease.
Recovery there should restore purchase pressure to the market. If this happens, XLM may restore the lost support before the explosion significantly. Currently, you are trying to close the week in a gain.
XLM key to watch
Source: TradingView
Regardless of the aforementioned losing support, the lowest level this week is another level to see it. If they fail to contain sales pressure, the next level that must be taken to obtain support is $ 0.189 and $ 0.1 mainly.
The increase can allow healing to $ 0.39 and $ 0.51. The cross on these levels can reach $ 0.637. The separation control level is $ 0.8.
Main resistance levels: $ 0.39, $ 0.51, $ 0.637
Main support levels: $ 0.32, $ 0.26, $ 0.189
- Immediate price: 0.332 dollars
- Trend: Land
- Volatility: moderate
Disclosure: This is not a trading or investment advice. Always make your search before buying any encrypted currency or investing in any services.
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