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 discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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