Is it falling or rising star? Analytics XLM/BTC
Since December 16, the growth of the coin has been observed, but the overall review, in our opinion, does not give grounds for optimism. First, the price is in close proximity to a strong support level at 0.00002945. It reinforced by the rebound of the rate from it, almost the entire purchased volume of the coin has already been sold out. Despite the positive price trend, the sales prevail.
Secondly, the current fall, which began on November 20, is characterized by low, compared with previous recessions, the activity of buyers. It shows decline interest in the asset.
In addition, the current growth going with on average, or even lower volumes, which is not enough for a confident asset growth. Judging by the chart, the highest possible price at the moment is 0.00003377. After that, we expect a fall and a breakdown of the support level of 0.00002945. The next support is at 0.00002600, and probably it will be broken also. But in this area, you should observe the behavior of the price.
Secondly, the current fall, which began on November 20, is characterized by low, compared with previous recessions, the activity of buyers. It shows decline interest in the asset.
In addition, the current growth going with on average, or even lower volumes, which is not enough for a confident asset growth. Judging by the chart, the highest possible price at the moment is 0.00003377. After that, we expect a fall and a breakdown of the support level of 0.00002945. The next support is at 0.00002600, and probably it will be broken also. But in this area, you should observe the behavior of the price.
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