XLM continues in a bullish trend in the long-term outlook. The bullish momentum was high as just as the bulls returned at the 50.0 fib level kept pushing the cryptocurrency to a new high. $0.3520 in the supply area was attained as the predicted $0.3267 was broken.
For the time being, the price is below the 23.6 Fib Ret level which showcases that bears are having their saying. Before the previous trend is able to continue, a pullback of that kind is required for the market correction.
The stochastic oscillator is at 51 percent and its signal points up. This implies bullish pressure as price momentum is up. In general it is looking in the favor of breaking the $0.4000 target not so long ahead depending on the acting of the market leaders.
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