XLM/USD TECHNICAL ANALYSIS - 1W Chart

16 May 2022

Price might go down at demand zone around 0.080 or maybe around 0.045. Heard some info saying there will be some event on Stellar network going live this June. Not sure what it is and I am not fundamental analysis expert -u can check it out but if price did bounce back on 0.080 demand zone, it is a possibility it will have momentum making new higher high. As u can see on the chart, there are previous significant support and resistance on that demand area. So, again, it might bounce back from that demand zone around 0.080.

***This is not financial advice. This is only for sharing ideas regarding crypto currency. To be specific, ISO20022 crypto currency***