XLMUSD has tripled it's price since the beginning of the week and now competes with NEM for the 6-7 place among the biggest cryptocurrencies in terms of capitalization (at the moment XLM's capitalization is $ 16 billion)
How long will such a take-off, that attracted attention to Stellar, last?
The next few days will show.
Usually, if the take-off is short-term, then the rollback begins immediately after the increase of the price by 3-5 times. And that rollback is strong.
Time will show.
In the meantime, we can say that the level of support according to the graph is $ 0.30.
Also, in case of a correction, the support can be provided by the slow moving average, today it is at about $ 0.50
If a deep rollback won't happen within the next 2-3 days, it will display the strength of a growth and the possibility of its continuation.
Buy between $ 0.30 and $ 0.50
How long will such a take-off, that attracted attention to Stellar, last?
The next few days will show.
Usually, if the take-off is short-term, then the rollback begins immediately after the increase of the price by 3-5 times. And that rollback is strong.
Time will show.
In the meantime, we can say that the level of support according to the graph is $ 0.30.
Also, in case of a correction, the support can be provided by the slow moving average, today it is at about $ 0.50
If a deep rollback won't happen within the next 2-3 days, it will display the strength of a growth and the possibility of its continuation.
Buy between $ 0.30 and $ 0.50