XLM - 4h. Buyers are preparing for test $0.36

2 feb 2021

For almost a month, the XLM market continued to correct a strong wave of growth, which buyers organized in early January. The price of XLM was moving smoothly in the global triangle.

On January 27, buyers managed to break through the top line of the consolidation triangle and start a new wave of growth.

As you can see in the chart, the main problem of buyers - the mark of $0.36. It is in this mark that sellers aggressively changed the direction of price movements three times.

However, cbuyres support is so strong that it allows you to continue the attack of this mark every time.

At the moment, buyers are preparing to break and consolidate above the mark of $0.326 to continue to grow to $0.36.

The critical point of this scenario is the range of $0.307-0.31. After breaking it, sellers will take the initiative in the XLM market and lower the price to $0.276. This scenario will lead to continued correction in the XLM market.

But what are the global prospects for this coin? See in our global idea:

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