Stellar (XLM) Breaks Free from Range, Reclaims 1,000 Satoshi Level

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In Brief
  • XLM has broken out from a long-term symmetrical triangle.

  • There is resistance at 1,450 and 2,200 satoshis.

  • The daily trend is showing signs of weakness.

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The Stellar (XLM) price has broken out from a long-term symmetrical triangle, potentially signaling that it has begun a bullish trend. The XLM price has been in a downward spiral since November 2018, having lost about 90% of its value in the year that followed. The losses finally reached a bottom in August 2019, when the price created a long lower-wick that touched 433 satoshis. After
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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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