XLM Price Prediction for May 23
WikiBit 2025-05-25 09:52
Bears are trying to seize the initiative after a few days of market growth, according to CoinStats. XLM chart by CoinStatsXLM/USDThe rate of XLM has gone
Bears are trying to seize the initiative after a few days of market growth, according to CoinStats.
XLM chart by CoinStatsXLM/USD
The rate of XLM has gone down by 3.41% since yesterday.
Image by TradingView
On the hourly chart, the price of XLM has set local support at $0.2918. If sellers pressure continues and the daily bar closes far from that mark, the decline may lead to the test of the $0.2850 zone.
Image by TradingView
On the bigger time frame, the rate of XLM is going down after a false breakout of the formed resistance of $0.3079.
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If the bar closes below yesterday‘s candle’s low, traders may expect a test of the support level by the end of the week.
Image by TradingView
From the midterm point of view, one should pay attention to the candles closure in terms of the support of $0.2813. If the bar closes below it, the fall may continue to the $0.25 range.
XLM is trading at $0.29 at press time.
Disclaimer：
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