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Stellar (XLM) Below Key Indicator, Solana (SOL) Bull Run Officially Ended?
Ethereum (ETH) on Verge of Ending Its Bearish Trend
In a recent market analysis, I took a closer look at the current performance of Stellar (XLM), Solana (SOL), and Ethereum (ETH). Unfortunately, my findings paint a rather grim picture for these three cryptocurrencies.
Let’s start with Stellar (XLM) first. As you can see from the chart below, XLM has been trading within a narrow range for some time now. Although it hasn’t entirely broken down, I believe that this cryptocurrency is already below its key indicator and could continue to decline further in the short term.
Unfortunately, Solana (SOL) seems to have officially ended its impressive bull run. The chart below shows that SOL has been forming a series of lower highs and higher lows, indicating a bearish trend. This is further supported by the RSI indicator, which suggests that the buying pressure is waning.
Finally, Ethereum (ETH) has reached critical levels of resistance and could be on the verge of ending its bearish trend.
Source: u.today
