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XLM Tests $0.168 Support Where a Rising Trendline Meets Price

XLM Tests $0.168 Support Where a Rising Trendline Meets Price

Photo: TokenPost

Stellar Lumens (XLM) is testing a chart area near $0.168, where a horizontal support level meets an upward-sloping trendline. The overlap puts that zone at the center of a technical test for buyers. A previous analysis of XLM’s chart levels placed support near $0.17 and resistance at $0.19. Stellar is a public, open-source blockchain for financial products and services. XLM is its native token; lumens are used for network transaction fees and minimum-balance requirements. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost

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