Stellar (XLM) hit a high of 0.515 USD but is now showing signs of exhaustion. The 4-hour chart displays a bearish divergence, signaling overextension in the market. The next demand zone has been identified at 0.364 USD, which is significant for traders.
The overall bullish sentiment is supported by Bitcoin and Ethereum’s recent upward trends. Although XLM has strong technical indicators, traders must watch for potential pullbacks, especially with liquidity trends showing significant movements in long positions.
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