Rajarshi Mitra
Independent Analyst
- XLM/USD bears aim to negate this Friday’s gains.
- The RSI looks to dip below the overbought zone.
XLM/USD daily chart
 (1)-637306336780266166.png)
XLM/USD finally faced bearish correction following four straight bullish days. The price has dropped from $0.1035 to $0.1016 as it consolidates in a pennant formation. The RSI looks to dip below the overbought zone.
XLM/USD bears will want to conquer the $0.0953 and $0.0893 to continue the downward momentum. On the upside, there is strong resistance at $0.104.
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