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Stellar Lumens (XLM) Price Analysis: What to Expect in the Near Term

Stellar XLM: XLM Targets close to $4!
Stellar XLM: XLM Targets close to $4!

In a recent video, analyst Nick discusses the price action of Stellar Lumens (XLM) on different timeframes and provides insights into potential future moves.

On the one-hour timeframe, XLM is below the 50 EMA and the 200 EMA, indicating short-term bearishness. However, Nick points out that there is a potential for an upcoming rally. He discusses various wave patterns and suggests that XLM may experience another downward move before a possible rally.

On the daily timeframe, XLM is still slightly bullish, with fair value gaps that may fill out in the future. Nick anticipates a move toward the 50 EMA on the daily chart, followed by another downward move.

On the weekly timeframe, XLM is below the weekly 200 EMA. Nick discusses potential future price targets, emphasizing the importance of supply and demand dynamics over market cap.

Nick invites viewers to share their thoughts on XLM’s price expectations in the comments and encourages them to like, subscribe, and join their Discord community for more information and discussion.

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