XLM (Stellar Lumens) has experienced a 5% price decline to 22 cents with a 43% volume drop in 24 hours, correlating with broader crypto market downturns driven by rising oil prices; technical indicators (RSI, MACD) suggest short-term correction toward the 18 cent support level before potential recovery, with key resistance at 30 cents and a bullish weekly chart showing XLM breaking above all three moving averages, indicating long-term bullish sentiment despite temporary pullback.
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Deep Dive
XLM WARNING TO HOLDERS !!!! SIMPSONS REVEAL TRUE VALUE OF XLM !!!!Added:
Welcome to the JWK show 2, the second channel of the JWK show. We had a lot of things happening in the crypto markets today alongside XLM. A quick price recap that is XLM down 5% in the past 24 hours bringing the price to 22 and the volume also significantly dropping as well. We had volume at 1.9 billion going to 1.6 6 billion, then 1.2 billion, and now dropping a whopping 43% in the past 24 hours with a trading volume of 793.96 million. Now, keep in mind, it is not only Stellar XLM currently moving down in price, but the entire crypto market is going down due to oil prices moving back up. the oil markets and cryptocurrencies being correlated to each other. When oil moves up, cryptocurrencies move down. And so the entire market is taking a big beating, right? We had Bitcoin down 8%, Salana down 8%, um XRP down 6% and so on. We have Bitcoin trading at 66,700, XRP trading at $122.
Salana at 74 and XLM trading at 22 cents. Now we had a new daily candle being printed as of now. XLM up 2% but unfortunately with a sell signal coming in on the RSI stoastic MACD and also this indicator as well this is a sign that we should see a correction XLM moving down in the short term. So, as we said, we could see a retest of this level of support, this key level of structure, the trend line and level of support at around the 18 cent mark. We could see a retest before XLM moving back up and then moving up even higher.
A key level that we must break based on the liquidity map is around the 30 C mark. So, most likely this is the scenario to play out. again retest of the trend line and then XLM moving up even higher breaking above its recent high at the 30 C mark and then XLM ultimately hitting the 50 C price point.
So despite the small pullback in the long term, we are still bullish on XLM.
Bullish price action is being made. And as of now, taking a look at the weekly time frame of the Binance exchange, XLM breaking above all three moving averages, which is also a very bullish sign, a big sign of XLM entering into a bull market. And from even the Simpsons, XLim Burger plus 1,000 and Xlim Burger in Chamatria equals to stellar lumens XLM. Can we see XLM actually hitting $1,000 Simpsons hinting at a $1,000 plus XLM price point? That's it for the video. Hope you guys enjoyed and I'll see you guys in the next one.
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