Altcoins News
By Sakamoto Nashi
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A Sharp Correction After a Strong Start. Earlier this month, XLM gained momentum due to positive sentiment around stablecoin adoption and…
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Oversold Signal from RSI and Technical Breakdown. From a technical perspective, XLM is showing signs of a weakening structure.
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$0.40 – The Key Level to Watch. Currently, the most critical support level for XLM is at $0.40.
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On-Chain Metrics Reveal Rising Liquidation Risk. On-chain data from CoinGlass shows that the recent drop in XLM price is closely linked with a…
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Should You Sell, Hold, or Wait?. With all these bearish signals, it’s understandable that traders are questioning whether to cut…
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Stellar’s native token, XLM, has seen a sharp decline in the past 24 hours, losing over 10% of its value and currently trading near $0.41.
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In the last 24 hours, XLM dropped by 10.84% and is now hovering around $0.4168. What’s more concerning is that the token has broken below multiple key support levels, which…
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From a technical perspective, XLM is showing signs of a weakening structure. The price has fallen below the 23.6% Fibonacci retracement level at $0.
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The Relative Strength Index (RSI), which measures whether an asset is overbought or oversold, has dropped to 28.14.
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In addition, XLM has fallen below the lower Bollinger Band, another bearish signal suggesting the asset is experiencing high volatility and could be entering a deeper correction…
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Currently, the most critical support level for XLM is at $0.40. If the price breaks below this zone, it could open the door for a steeper drop, potentially toward $0.32. This $0.
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On the other hand, if buyers defend the $0.40 level, there’s a chance XLM could rebound toward the $0.44 and $0.47 resistance zones.
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More recently, long liquidations have picked up pace, especially around the $0.40 level. This suggests that many traders who entered during the July rally overleveraged their…
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Currently, more than $79 million in long positions are at risk of liquidation, compared to $42 million in short positions. The 11.
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For cautious investors, it might be wise to wait for confirmation that the $0.40 support will hold.
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