Stellar Lumens (XLM) Technical Analysis: XLM Price Could be Heading to $0.17, Here’s Why
Cryptovest
Published May 21, 2019 05:47AM ET
Updated May 21, 2019 07:01AM ET
Stellar Lumens (XLM) Technical Analysis: XLM Price Could be Heading to $0.17, Here’s Why
Stellar Lumens (XLM) is positioning well for a bullish breakout on the 4-Hour chart against USDT pairing, despite the Stellar network temporarily shutting down last week due to issues with its validator nodes.
For the last 5 days, the price action has been consolidating tightly inside a bullish continuation pennant after correcting from its 15% surge on May 16. Once candles reach maximum consolidation between the two pinching trend lines, we could see XLM buyers eye the $0.17 as a new price target.
Right now XLM is down -0.88% against the US dollar and flagging -1.44% against Bitcoin.
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