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The rates of all top 10 coins are falling on the last day of the week, according to CoinStats.
XLM/USD
The price of Stellar (XLM) has declined by 6.38% over the last 24 hours.
On the hourly chart, the rate of XLM is near the local support of $0.2251.
If no bounce back happens by the end of the day, traders may expect a level breakout, followed by a move to the $0.22 zone.
On the bigger time frame, bears keep controlling the situation on the market. If the daily bar closes near its low, the drop may continue to the $0.20-$0.21 range shortly.
From the midterm point of view, the price of XLM has once again tested the support of $0.2231. If a breakout happens, traders may expect a downward move to the $0.20 range by the end of the month.
XLM is trading at $0.2247 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team