Stellar (XLM) has recently become active. After a narrow range fluctuation, today’s single-day increase is close to 7%, directly approaching the upper edge of the long-term flag channel.
The key issue is the $0.261 level. It has been blocked multiple times in the past, and each time it failed to hold above this level. Can the current rally break through this time?
From the derivatives market perspective, long positions are about three times the size of short positions, with buying power clearly dominant. Market bullish sentiment is accumulating. There is also liquidity accumulation around $0.268. If it can break through $0.261, it may trigger a chain reaction, sparking a new wave of upward movement.
However, in the short term, although the bulls are in good momentum, as long as the resistance level is not broken, the possibility of oscillation should also be considered. The future direction of XLM depends on whether it can turn $0.261 into a new support.
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BasementAlchemist
· 12h ago
0.261 This threshold is back again, getting beaten every time. Is this time reliable...
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XLM is still the same, whenever there's a bit of progress, it wants to break through. But what happened? Still stuck there.
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Longs three times shorts is indeed tempting, but I bet five cents it will retrace again.
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Really? Waiting for it to stabilize at 0.261 again? I'm tired of waiting.
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If it weren't for this price level, XLM would have already taken off. That's the key point.
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The chain reaction sounds great, but honestly, it still depends on whether it can really break the level.
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Going for 0.261 again? I'll buy some and see how it goes.
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If the resistance level isn't broken, everything is pointless. Feels like there's still some turbulence ahead.
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Liquidity is stacking at 0.268? Then it has to eat through 0.261 first.
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I just want to know if this time it will still get knocked down.
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RugPullSurvivor
· 20h ago
0.261 is coming again? I was trapped at this price level once last year haha
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BlockTalk
· 01-07 09:49
Coming to bully me again? 0.261 just can't hold up.
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SoliditySurvivor
· 01-07 09:48
0.261 is coming again? This hurdle is too tough to bite, will history repeat itself?
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TopBuyerBottomSeller
· 01-07 09:48
0.261 is back again. Can it really break this time? I bet it will just get smashed back...
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AirdropHunterWang
· 01-07 09:44
0.261 is coming again. I keep getting stuck here every time, it's a bit annoying.
Stellar (XLM) has recently become active. After a narrow range fluctuation, today’s single-day increase is close to 7%, directly approaching the upper edge of the long-term flag channel.
The key issue is the $0.261 level. It has been blocked multiple times in the past, and each time it failed to hold above this level. Can the current rally break through this time?
From the derivatives market perspective, long positions are about three times the size of short positions, with buying power clearly dominant. Market bullish sentiment is accumulating. There is also liquidity accumulation around $0.268. If it can break through $0.261, it may trigger a chain reaction, sparking a new wave of upward movement.
However, in the short term, although the bulls are in good momentum, as long as the resistance level is not broken, the possibility of oscillation should also be considered. The future direction of XLM depends on whether it can turn $0.261 into a new support.