From November 26 in the XLM market continues to correct the strong growth. Sellers have formed a clear channel of price movement. An attempt to break the lower trend line on December 24 ended with a big hairpin down at increased volumes.
In fact, since December 25, the price of XML has been falling sluggishly, looking for a strong foothold for a new local growth trend. Continuing its decline, it is likely that at $0.12 there will be strong buyers who will be able to turn the price.
The first target is $0.146. Global - $0.19.In the previous idea, we assumed that XML could replace XRP and entice investors. Looking at the prospects of XRP - this is a very real scenario:
An alternative scenario is the test of $0.1. However, this requires a completely different mood in the market. ______________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
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