• XLM has broken down from a long-term ascending support line.
  • There is resistance and support at $0.077 and $0.062, respectively.
  • The price is possibly in the B wave of an A-B-C correction
The Stellar (XLM) price has been declining since reaching a high of $0.076 on June 4. However, on June 27, the price bounced inside a vital support area and has been increasing since. Ascending Support Line The XLM price had been increasing alongside an ascending support line since the March 13 bottom. The price broke down from this support line on June 14 and has been declining
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Valdrin Tahiri

Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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