XLM has been on the down and down for years now but it looks like there might be a chance for it to breakout.
Given the right conditions I believe XLM could break to atleast 9 cents in the near future. For longer term targets assuming we can hold prices above 9 cents, our next target would be straight to 13 cents, then 19 cents This will all be very likely so long as we hold the support that i highlighted in green.
Something that wold give me more confidence is if we close the weekly above the support here. Daily closes can be nice too but the weekly wold be safer.
Given the right conditions I believe XLM could break to atleast 9 cents in the near future. For longer term targets assuming we can hold prices above 9 cents, our next target would be straight to 13 cents, then 19 cents This will all be very likely so long as we hold the support that i highlighted in green.
Something that wold give me more confidence is if we close the weekly above the support here. Daily closes can be nice too but the weekly wold be safer.