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STELLAR PRICE ANALYSIS & PREDICTION (January 4) – XLM Sustains Buy as Volatility Increases, Potential Breakup Ahead
XLM has been making headlines recently with its impressive gains since the start of the year. The altcoin has seen a notable surge in price, and it appears to be bouncing back on a daily scale. This recent correction seems to have ended at the $0.32 level earlier this week, with the price subsequently bouncing back.
Initially, buying pressure was relatively low, but the market’s bullish start to the new year has since led to strong altcoin recovery. XLM has not been left behind in this move, having recorded an impressive 10% increase since yesterday. From a technical standpoint, it is clear that the bulls are now firmly in control of the market.
With the recent price action indicating no room for a drop, we can anticipate a bigger price movement in the coming days. It’s possible to see a slight reduction before rising back if the bears were to reappear, but as things stand, the momentum seems to be firmly with the bulls.
Source: nulltx.com
