Stellar Lumens struggles with the 0.062 worth degree in an try to interrupt the downward spiral that has dour it since May 15.
Despite mid-September’s optimistic squeeze, the worth has deflated once again and now must exceed 0.0782 to regain market confidence. This worth is not any coincidence, because it coincides with the 23.6% degree of the Fibonacci retracement system since final May’s highs.
The consequent medium-term goal degree for the XLM/USD worth is at 0.094, coinciding with the 38.2% degree of the Fibonacci retracement system.
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**DISCLAIMER**: I’m not a medium of exchange advisor nor am I giving medium of exchange recommendation. I’m sharing my one-sided opinion based mostly off hypothesis. You mustn’t take my opinion as medium of exchange recommendation. You ought to all the time do your analysis earlier than making any funding. You also necessarily to comprehend the dangers of investing. This is all speculative based mostly investing.
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