- XLM erupted from the multi -month downtown that started in November 2024, ending the 65 % decrease.
- 65.37 % of the best XLM traders in Binance have played long jobs at the time of the press.
excellent [XLM] She finally came out of its lengthy declining direction, which started in November 2024. During this declining direction, the original recorded a decrease of 65 % in prices during the formation of a declining channel pattern.
This penetration not only stopped XLM prices, but also opened a large -ranging path in the upward trend. At the time of the press, XLM was traded near $ 0.284 after registering an 8.50 % increase during the past 24 hours.
Moreover, the trading volume jumped by 25 % during the same period, which reflects the increase in participation from both traders and investors.
Of course, the basic procedure that is underdeveloped by prices has been fed this renewable interest.
65 % of the best merchants go for long jobs
While examining the scales on the chain, it appears that merchants and investors were betting heavily on the upper side.
At the time of the press, the long/short/short s at 1.89 SIL, indicating a strong upward feeling.
In fact, 65.37 % of the major traders in Binance are long situations, while only 34.63 % shorts.
Data also reveals that 65.37 % of the best XLM traders in Binance occupy long sites, while 34.63 % occupy short positions.
Source: Coinglass
At a value of $ 6.37 million of Saudi stakes
Coinglass The XLM exchange map reveals that traders have been greatly expedited at $ 0.2558 on the underside (support) and $ 0.285 on the upper side (resistance), both of which are about to liquidate.
At these levels, traders built long sites worth $ 6.37 million near support and $ 1.63 million in short centers near the resistance during the past seven days.
Source: Coinglass
Regardless of this, the external flow/flow data indicated an external flow of $ 1.19 million from XLM from the stock exchanges during the past 24 hours.
This external flow of stock exchanges indicates a possible accumulation, which may lead to the purchase of pressure and radio gathering.
Source: Coinglass
These biological scales show that merchants, strong confidence and confidence in the upper side, and they seem to support the ups of upward prices, which indicate the possibility of the huge upward trend of the original.
XLM Technicals returns to the background
According to Ambcrypto’s technical analysis, XLM looks up and prepares to attend a huge march.
In the daily time frame, the origin exploded from the descending canal style and closed a higher daily candle than the main level, confirming this penetration as success.
Based on the movement of the last prices and the historical style, if the price of XLM exceeds $ 0.275, there is a strong possibility that can increase by 30 % until the price of assets reaches a level of $ 0.375 in the future.
Source: TradingView
This upscale thesis will not be represented unless the XLM price remains higher than the level of $ 0.26, otherwise it may fail.
