$XLM just flipped yesterday's high into support at $0.1866 and it's parked right on that line this second.
that's the whole story here. no headline, no catalyst, no unlock. the tape did this by itself. price is up 7.04% on the week and 15.80% on the month, and over the last seven days it's put 4.1 points on bitcoin while doing it. that's a coin getting bought, not one drifting sideways.
the part i actually like: volume over the last five days is running 0.69x the twenty days before it. price grinding higher while volume cools off is the quiet kind of move, the one that doesn't wake up sellers. daily RSI at 57 has room left, MACD histogram is positive. nothing on this chart is stretched.
so here's my call. $XLM trades at $0.1866 right now, dead on the line. if it holds $0.1866, i think it works its way up to the 10-day high at $0.1893 this week and anyone long just sits there. if it loses $0.1866 and starts printing back toward the 24h low at $0.183, i'm wrong on this, there's nothing to defend, and holding through it hands back the week's gains for nothing.
it's a thin tape, $13M in 24h volume on Binance, so it moves fast either way.
holding $0.1866, or losing it back to $0.183?
that's the whole story here. no headline, no catalyst, no unlock. the tape did this by itself. price is up 7.04% on the week and 15.80% on the month, and over the last seven days it's put 4.1 points on bitcoin while doing it. that's a coin getting bought, not one drifting sideways.
the part i actually like: volume over the last five days is running 0.69x the twenty days before it. price grinding higher while volume cools off is the quiet kind of move, the one that doesn't wake up sellers. daily RSI at 57 has room left, MACD histogram is positive. nothing on this chart is stretched.
so here's my call. $XLM trades at $0.1866 right now, dead on the line. if it holds $0.1866, i think it works its way up to the 10-day high at $0.1893 this week and anyone long just sits there. if it loses $0.1866 and starts printing back toward the 24h low at $0.183, i'm wrong on this, there's nothing to defend, and holding through it hands back the week's gains for nothing.
it's a thin tape, $13M in 24h volume on Binance, so it moves fast either way.
holding $0.1866, or losing it back to $0.183?
