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XLM Price Prediction for January 10
As we approach the end of the first month of the year, it’s essential to assess the current state of Stellar’s (XLM) market trend. The recent sideways movement around $0.40 may continue, as I’ll explain in this article.
XLM’s price has been stuck in a consolidation phase since late November 2024. Since then, we’ve seen a series of lower highs and higher lows, which indicates that the bears are struggling to gain significant ground against the bulls. This is an essential aspect when predicting future price movements.
In my opinion, sideways trading around the $0.40 mark is the more likely scenario for XLM in the short term. There’s no clear sign of a strong trend developing on either side, and we’re unlikely to witness sharp moves any time soon.
From a midterm perspective, Stellar’s rate remains within the previous weekly candle. This implies that neither bulls nor bears are gaining traction at this point. As a result, it is difficult to make accurate predictions about the future price action.
In conclusion, XLM will likely continue trading sideways around $0.40 for now. It is crucial to be aware of any changes in sentiment or market dynamics that could shift our perspective on the cryptocurrency’s potential growth.
Published: January 10, 2025
Source: u.today
