Since mid-May, the price of XLM has been on a major downturn, indicating that buyers are few. Stellar has been trading towards the lower range as a result, and attempts to revert to the mean have been unsuccessful.
On June 21, the price of XLM fell below the May 23 swing low of $0.272 to make a bottom at $0.198. The remittance token has been slowly recovering due to a lack of buying pressure. Stellar has broken through the crucial $0.272 barrier, however it is now being retested.
The SafeMoon price has been in a bottoming process that has tangled investors with a slew of buy signals that have either failed or never triggered. SAFEMOON appears to be constructing a new bottoming pattern right now, which could provide an opportune opportunity to earn a 20% return.
SafeMoon price has rebounded nearly 80% from its low of $0.00000230 on June 22nd, surpassing the 50 two-hour SMA and marking the first overbought position on the two-hour RSI since early May, indicating an impulsive bid and decisiveness for the rookie cryptocurrency.
After SHIB triggered the neckline of an inverse head-and-shoulders pattern on June 29, the Shiba Inu price has been in a long bottoming process that appears to be now resolving to the upside. If the digital asset can overcome the 50-day SMA’s downward trend, it might rebound 30% before encountering important resistance and interested sellers./n
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