The post XLM Price Fails $0.135 Break As Investors Stay Silent On Stellar! appeared first on Coinpedia Fintech News
Losing all the potential gains, the Stellar coin fails to join the ongoing recovery party in the crypto market. With altcoins crossing crucial resistances to give a new 52-week high, the XLM price struggles to surpass the $0.135 mark.
The XLM coin price showcases a failed bullish attempt but sustains the short-term recovery with higher low formations. Nevertheless, despite the ongoing slump, the Stellar price prediction holds an optimistic view for 2023 for XLM.
Source: Tradingview
With a 7.47% dump this Monday, the XLM price trend fails to surpass the $0.135 mark, leading to a huge bearish engulfing candle. Reporting the failure of bulls to execute the inverted head and shoulder breakout, the daily chart pictures a pullback to a short-term support trendline.
With buyers struggling to bounce the Stellar price higher with lower price rejection, the bounceback reflects
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