XLM Sits at $0.20 as Taker Buying Contrasts With Flat Momentum
Photo: TokenPost
XLM was placed at $0.20 in an Oct. 10 technical snapshot, with one-hour taker buying indicating support while flat momentum and declining futures open interest pointed to limited conviction. The $0.20 level served as the snapshot’s pivot, immediate resistance and strong resistance. XLM’s 24-hour range was $0.19 to $0.20, while the 14-period average true range was $0.01. The seven-day and 20-day simple moving averages, along with the 12-day and 26-day exponential moving averages, were each $0.21. The 50-day simple moving average was $0.20, and the 200-day average was $0.18. Momentum readings were mixed.
Source: TokenPost
