- XLM trades 3.29% higher as the rest of the crypto majors struggle.
- The price has bounced off the 55 EMA to push higher.
XLM/USD 4-hour chart
XLM pushed past the 0.050 once again as the price trades 3.29% higher on Monday as the rest of the crypto market sells off. Looking closer at the chart the price has traded above the 55 and 200 moving averages showing some bullish signs.
The technical indicators are also looking good as the RSI moved back into positive territory and the buying volume levels picked up too. Its fair to say the price action has been choppy as it seemed in the last four hour period that the price was going to move lower. The main resistance level is now the previous wave higher at 0.05243 and this seems to be the level that bulls are aiming for.
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