$XLM : THE ROAD TO RECOVERY STARTS WITH A STRONG BASE.
XLM is trading around $0.1542 after another sharp decline. Buyers need to defend $0.150–$0.156 and build a solid base before momentum can turn bullish.
A reclaim of $0.17–$0.18 would put $0.20–$0.22 in focus. Breaking that resistance could open the way to $0.24–$0.26 and $0.28–$0.30.
Further ahead, $0.34–$0.36 remains a major hurdle before XLM can challenge its historical $0.40–$0.41 highs.
However, losing $0.150 could expose $0.140–$0.145.
The recovery needs strong demand, higher lows and successive resistance reclaims.
#JobsReportRaisesHikeOdds
XLM is trading around $0.1542 after another sharp decline. Buyers need to defend $0.150–$0.156 and build a solid base before momentum can turn bullish.
A reclaim of $0.17–$0.18 would put $0.20–$0.22 in focus. Breaking that resistance could open the way to $0.24–$0.26 and $0.28–$0.30.
Further ahead, $0.34–$0.36 remains a major hurdle before XLM can challenge its historical $0.40–$0.41 highs.
However, losing $0.150 could expose $0.140–$0.145.
The recovery needs strong demand, higher lows and successive resistance reclaims.
#JobsReportRaisesHikeOdds
