$XLM
Showing the Expected Decline
As I mentioned before, it rose quickly and fell just as quickly. Although there was a brief rebound along the way, the token has retraced almost all of its gains, which was the expected outcome.
Under the current market conditions, it is not worth expecting a full trend reversal. It is also better to avoid trading these short-term pumps, as the risks are simply too high.
In the near term, I expect the decline to continue, with a retest of the $0.14259 support level, where the price may spend some time consolidating.
Showing the Expected Decline
As I mentioned before, it rose quickly and fell just as quickly. Although there was a brief rebound along the way, the token has retraced almost all of its gains, which was the expected outcome.
Under the current market conditions, it is not worth expecting a full trend reversal. It is also better to avoid trading these short-term pumps, as the risks are simply too high.
In the near term, I expect the decline to continue, with a retest of the $0.14259 support level, where the price may spend some time consolidating.