XLM – The End For Stellar Lumens? Stellar risks spiraling to $0.24

Stellar is on the brink of freefall as the symmetrical triangle pattern nears maturity. Technical levels continue weakening, as highlighted by the MACD cross. A step above the 50 SMA and the 100 SMA confluence could see XLM renew the uptrend toward $0.6.
Stellar is on the verge of another breakdown after failing to break above the barrier at $0.44. Overhead pressure keeps mounting and jeopardizing higher support levels. Meanwhile, XLM is trading at $0.40 amid the fight to maintain stability. However, the current technical picture seems massively bearish.
Stellar moves closer to a 41% downswing
Stellar is dancing within the confines of a symmetrical triangle pattern. Also, bulls face acute resistance at a confluence formed by the 50 Simple Moving Average (SMA) and the 100 SMA.
https://www.fxstreet.com/cryptocurrencies/news/xlm-price-forecast-stellar-risks-spiraling-to-024-if-crucial-technical-pattern-breaks-202103120736

Bitcoin price is carving out a cup or cup-with-handle formation.
Volume profile looks compelling as BTC rose from the March 5 low.
Investors are replicating the bullish BTC commitments of large corporations.
Bitcoin price has been supported by corporations’ broadening interest to use it as an investment alternative such as Tesla, Microstrategy, and Square. The endorsement of prominent figures like Paul Tudor Jones, Stanley Druckenmiller, and Howard Marks has sparked institutional demand for BTC.
Bitcoin price has plenty of upside in the coming days and weeks
Since the February 28 low, Bitcoin price action and underlying volume indicates that the 26% correction was used as a buying opportunity by retail, institutional and corporate investors.
https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-analysis-btc-bullish-setup-projects-quick-17-gain-202103122315

” $XLM is currently falling out a 120 day trend line ?
We fell out back in December and shot back up once we re-entered the channel. This could possibly happen again ??
If not prepare for a dump towards the downside”
https://twitter.com/iholdbitcoin/status/1370462413791711234

“Goldman Sachs braces for a wave of crypto customers. According to their COO, consumers are asking for financial services around digital assets. Can we just get a Bitcoin ETF already?”
https://twitter.com/Cointelegraph/status/1370638274197266434

“On Thursday, President Joe Biden signed the $1.9 trillion COVID-19 relief bill passed by the US House of Representatives, clearing the way for stimulus checks and vaccine aid across the US. The president’s imprimatur on the bill concluded a days-long process of debate and deliberation over the relief package. On Friday, Biden hosted his first Rose Garden ceremony to celebrate the adoption of the bill.”
https://twitter.com/i/events/1366528159043096576

https://goldprice.org/cryptocurrency-price/stellar-lumens-price
#XLM #StellarLumens #cryptocurrency
This is not financial advice advice. You can lose it all. This is entertainment.

XLM – The End For Stellar Lumens? Stellar risks spiraling to $0.24

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Kane Dane