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Stellar (XLM) Below Key Indicator, Solana (SOL) Bull Run Officially Ended? Ethereum (ETH) on Verge of Ending It
According to recent data, Stellar (XLM) is currently trading below a key resistance level, making it difficult for the bulls to initiate a recovery. To start a new upward trend, XLM would need to reclaim this area, which could be a challenging task given the current bearish momentum.
Furthermore, Solana’s (SOL) bull run has officially ended, and it appears that the market is not showing any signs of reversing its downward trajectory anytime soon. The RSI, or Relative Strength Index, is currently centered at 37, indicating a lack of volume and potential selling pressure.
In other words, a quick recovery seems unlikely given the declining volume and deteriorating RSI.
Source: u.today
