- Direct development – 12 billion
- Ecosystem support – 2 billion
- Use-Case investment – 10 billion
- User Acquisition – 6 billion
XLM: Long-Term BottomThe XLM price, which has been decreasing since October 2018, fell to a long-term support area found at 500 satoshis. There, it created a double-bottom, initially in the form of a lower wick followed by a strong bullish close. Additionally, the weekly MACD made a bullish cross and is moving upward. In the daily chart, we can see that the price is making an attempt at breaking out above 900 satoshis. Additionally, there is a very strong bullish divergence upward trend that has held. If it continues to do so, XLM is likely to break out and move above the resistance area. Looking at the USD pair we see a similar outlook. The price reached the major support area at $0.05 — a level which acted as resistance in the 2017 upward move. From there, it has begun its current move to the upside. Disclaimer: This article is not trading advice and should not be construed as such. Always consult a trained financial professional before investing in cryptocurrencies, as the market is particularly volatile.
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In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.