Ah, the sweet sound of bears roaring, eager to reclaim their throne after a brief interlude of market optimism. CoinStats reports that these bearish creatures are licking their chops as they plot their next move. 🐻🔻
XLM/USD
And just like that, the once-promising price of XLM slips, down by 3.41% since yesterday. Shocking, isn’t it? Not really. It’s crypto—expect the unexpected. 📉
Let’s zoom in on the hourly chart, where XLM found itself clinging to local support at $0.2918. Will this fragile support hold? Or will the sellers’ relentless pressure drive the price lower? If the daily bar strays too far from this line in the sand, we might just see a dive to the dreaded $0.2850 zone. The suspense is unbearable! 😱
Now, on a grander scale—buckle up. After a false breakout of the supposed “impenetrable” resistance at $0.3079, XLM’s price has decided to go south. Traders, don’t hold your breath. If today’s bar closes below yesterday’s low, you might want to prepare for a reality check as we head into the weekend. 🚨
For those of you with a midterm outlook (or an appetite for doom and gloom), keep an eye on the $0.2813 support level. If that gets breached, well, the fall could very well continue down to the $0.25 range, where no one will hear your cries. 🤐
As of now, XLM is barely hanging on at $0.29. Tightly. So, good luck, brave traders—may the crypto gods have mercy on your wallets. 😏💸
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2025-05-23 17:24