I noticed that Stellar (XLM) is currently trading around $0.18, and it's interesting because there's a real resistance at $0.183 that has been holding for a while. If XLM manages to break through it, analysts talk about a potential push up to $0.23, which would be a nice increase of about 25%. But, this resistance level has shown its strength several times in recent weeks, so it's not a sure thing.



What's curious is that XLM closely follows the movements of XRP and Bitcoin. Right now, BTC just tested $77.97k and XRP is at $1.44. If these two major assets manage to break their own resistances, there's a good chance Stellar will follow the trend. However, the RSI indicators for all three assets are in neutral zones, so no one is really overbought or oversold at the moment.

The question I ask myself: will XLM really rebound or is it just noise? Since it's trading higher than its levels from the past few months, unlike BTC and XRP, the momentum might be weaker. In my opinion, we should mainly watch Bitcoin and XRP to see where things are really headed.
XLM-1.4%
XRP1.48%
BTC0.67%
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