Dec 16, 2019
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Is Stellar Lumens (XLM) About To Pump Again?

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Stellar Lumens (XLM) is trading in a similar falling wedge that we have recently spotted on Bitcoin (BTC) and Ethereum (ETH). However, in the case of XLM/USD, this falling wedge has the potential to lead to a much more aggressive breakout that could see the price rally all the way towards the $0.0625 mark before it resumes its downtrend. It will be very unlikely for Stellar (XLM) to make a decisive break past the 200 moving average but we could definitely see another pump similar to what we saw towards the end of last year. This would inflict serious pain on the bears trying to short sell Stellar (XLM) on futures exchanges.


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