Note that most of the previous bullish crypto signals from the same candlestick pattern were confirmed in the previous attempts to recover. If this pattern holds, we expect the Stellar price to rise suddenly before running into significant resistance at $0.25. For example, XLM currently teeters at $0.22 amid the push by bulls for highs beyond $0.24. Will history repeat itself? Stellar Nurtures Another V-shapes Recovery to $0.24Ī V-shaped recovery occurs when an asset experiences a massive price decline and then makes a sustained uptrend.
Bouncing off this crucial level, Stellar appears to making a significant recover. However, the international remittances token has since recorded lower lows in a downward trend towards the $0.20 psychological level. This prediction was validated when Stellar price reached a high of $0.257 on July 16. On same day, XLM started a V-shaped recovery which we correctly predicted that it would rally to $0.25.
Stellar’s price bounces off crucial support at $0.20 to start a significant recovery.
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