XLM/USD Price Medium-term Trend: Bearish
Supply levels: $0.27, $0.29, $0.32
Demand level: $0.26, $0.24, $0.23
XLM is bullish on the 4-Hour chart. The demand level of $0.22 was the low of the Stellar market on October 31. The bearish engulfing bar formed on that day at the same level indicates the presence of bulls with their pressure in the Stellar market. The takeover of the bulls was confirmed by the formation of bullish candles that broke the former supply levels of $0.23, $0.24, $0.26 and moved towards the supply level of %0.27.
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