XLM Technical Analysis in a 3-Day Timeframe

٢٩ أغسطسHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

XLM is struggling to close above the 50 EMA resistance. The price has tested this EMA several times but has failed to break above it. With the current rejection, XLM is likely to drop to the $0.0840 support trendline.

The lower support at $0.0754 is crucial for XLM to hold. A close below this support will likely invalidate the chart.

Key level:

- Primary Support/Entry: $0.085.
- Lower Support/Accumulation: $0.0754.
- Target: $0.14.
- Invalidation: A close below the $0.0754 support.

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