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The rates of most of the coins are going down today, according to CoinStats.
XLM/USD
The price of XLM has declined by 4.59% since yesterday.
On the hourly chart, the rate of XLM is near the support level of $0.2681. If it breaks out, the correction may continue to the $0.26 range by tomorrow.
On the bigger time frame, bears are also more powerful than bulls.
If buyers cannot seize the initiative shortly, one can witness a test of the support of $0.2560 within the next few days.
A similar picture can be seen on the weekly chart. If the candle closes around the current prices and with no long wick, there is a chance to see an ongoing drop to the $0.24-$0.26 range.
XLM is trading at $0.2721 at press time.
Dan Burgin
Vladislav Sopov
U.Today Editorial Team