XLM/USDT presenting potential scenarios?👀🚀XLM analysis

2 במאי

💎Paradisers, #XLMUSDT is navigating through a descending channel trajectory. Could this indicate a continued downtrend? Let’s dive into the analysis to see what the future might hold.

💎 Notably, #Stellar has broken below the downtrend trendline and is testing the support level at $0.1032. If it manages to sustain momentum, there's a possibility it could ascend towards the supply area above. Here, we're faced with two scenarios: if the price breaks above the supply area, we might see a bullish continuation towards a higher resistance zone. Conversely, if the price faces rejection at the supply level of $0.1194, it could attract sellers, potentially leading to a significant price drop.

💎 However, should #XLM lose momentum and fall below the support level of $0.1032, the likelihood of a prolonged bearish trend increases, possibly extending to lower support levels. In such volatile market conditions, maintaining vigilance and trading strategically are crucial for success.

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