XLM Price Prediction for January 10
01/10/2025 23:08
When can traders expect a price blast from Stellar (XLM)?
Original U.Today article
When can traders expect a price blast from Stellar (XLM)?
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The rates of some coins are bouncing off today, according to CoinStats.
XLM/USD
The rate of XLM has risen by 1.26% since yesterday.
On the hourly chart, the price of XLM is trading near the local resistance of $0.4097. If its breakout occurs, there is a chance to see a blast to the $0.42 area by tomorrow.
On the longer time frame, the accumulated energy is still not enough for an upward move even if the daily bar closes around the current prices.
Related
In this case, sideways trading around the $0.40 mark is the more likely scenario.
From the midterm point of view, the rate of XLM is within the previous weekly candle, which means none of the sides is dominating. Thus, traders are unlikely to witness sharp moves any time soon.
XLM is trading at $0.4047 at press time.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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