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A renowned crypto analyst, Crypto Tony, recently shared insights on Stellar (XLM), suggesting an imminent bullish trend. Emphasizing a pivotal level at $0.135, he anticipates XLM’s potential surge upon establishing this as solid support. The analyst contends that this anticipated upswing in XLM might trigger a corresponding rise in some other altcoins.
$XLM / $USD – Update
— Crypto Tony (@CryptoTony__) November 12, 2023
Remember this one legends. I am waiting for that flip of 0.135c into support to enter .. Once XLM runs .. We know $XRP will be too pic.twitter.com/12nW0QNIGP
Current market data positions XLM at $0.1234, according to CoinMarketCap, exhibiting a modest 0.47% dip in the last 24 hours, coupled with a notable 22.87% decrease in trading volume. While acknowledging a short-term bearish scenario with a potential dip to $0.1015, optimism prevails if XLM closes the daily candle within the specified price channel, paving the way for an ascent toward the $0.1350 mark, as highlighted by Crypto Tony.
Watch this:
Key Stellar Levels To Watch – November 14
The Stochastic Oscillator currently shows that the market is heading into an extremely bearish zone. This implies the possibility of price entering the oversold region as the bulls await entry at the demand zone.
The market’s current range lies between the $0.101000 swing low and the $0.118000 swing high. XLMUSD faced the downside as it hit the $0.135000 resistance at the premium.
XLM/USD Key Levels
Resistance Levels: $0.135000, $0.181000, $0.196000
Support Levels: $0.111000, $0.095000, $0.075000
Total Market Capitalization: $1.34T
Stellar Market Capitalization: $3.38B
Stellar Volume: $236M
Market Rank: #22
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