$XLM just ripped 7.2% in a day and the old ceiling is now the floor.
yesterday's high was $0.1842. price broke it, came back down, and held it instead of falling through. that's the tell. when resistance flips to support like that, it usually means the sellers who were capping this thing are out of ammo.
zoom out and it's not just a one day pop either, XLM is up 20.21% over 30 days and beating BTC by 6.5 points over the past week. RSI sitting at 53 means this isn't overheated yet, there's room left before anyone has to worry about a blowoff top. volume the last 5 days is running 1.56x the prior 20, so real money is showing up, not just a wick.
last price is $0.1861, right under the 24h high of $0.1875. if it holds $0.1842, i think this keeps grinding toward the 10 day swing high at $0.1987, that's another 6.7% of room. if it loses $0.1842, i'm wrong on this and anyone who chased the pop is stuck holding a failed breakout.
holding $0.1842 or losing it?
follow me for more calls like this.
yesterday's high was $0.1842. price broke it, came back down, and held it instead of falling through. that's the tell. when resistance flips to support like that, it usually means the sellers who were capping this thing are out of ammo.
zoom out and it's not just a one day pop either, XLM is up 20.21% over 30 days and beating BTC by 6.5 points over the past week. RSI sitting at 53 means this isn't overheated yet, there's room left before anyone has to worry about a blowoff top. volume the last 5 days is running 1.56x the prior 20, so real money is showing up, not just a wick.
last price is $0.1861, right under the 24h high of $0.1875. if it holds $0.1842, i think this keeps grinding toward the 10 day swing high at $0.1987, that's another 6.7% of room. if it loses $0.1842, i'm wrong on this and anyone who chased the pop is stuck holding a failed breakout.
holding $0.1842 or losing it?
follow me for more calls like this.
