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The rates of some coins are bouncing off today, according to CoinStats.
XLM/USD
The rate of XLM has risen by 1.26% since yesterday.
On the hourly chart, the price of XLM is trading near the local resistance of $0.4097. If its breakout occurs, there is a chance to see a blast to the $0.42 area by tomorrow.
On the longer time frame, the accumulated energy is still not enough for an upward move even if the daily bar closes around the current prices.
Denys SerhiichukIn this case, sideways trading around the $0.40 mark is the more likely scenario.
From the midterm point of view, the rate of XLM is within the previous weekly candle, which means none of the sides is dominating. Thus, traders are unlikely to witness sharp moves any time soon.
XLM is trading at $0.4047 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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