news 
Stellar Lumens Price Analysis: Why XLM May Revive in January
As the crypto market continues to witness unpredictable price movements, Stellar Lumens (XLM) has been on a downward trend since November. However, recent analysis suggests that the cryptocurrency may be poised for a rebound, potentially reversing its losses by January.
The XLM/USD is currently locked within a falling wedge structure, which is often seen as a reversal pattern. This formation began in December, with the upper and lower trendlines converging. The convergence of these lines has increased the likelihood of a breakout, with an initial target at $0.500, roughly 50% above the current price.
The prediction is grounded in Fibonacci Retracement levels and supported by Relative Strength Index (RSI) data. As the RSI approaches oversold territory, it may signal a potential bottom for XLM, which could be around $0.2970. This confluence of technical signals points to a possible rebound in January.
As of this writing, Stellar Lumens is trading at $0.33, having declined by 1.45% over the past 24 hours.
Source: www.crypto-news-flash.com
