XLM price nears 3-month resistance — Can bulls finally break $0.20?

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XLM price surged 8.2% in 24 hours, with trading volume jumping 221% and Open Interest rising 14.4%. The $0.173 support level has been defended by buyers over the past two weeks, while the $0.20 resistance zone represents the next major obstacle to monitor. The funding rate briefly turned negative, indicating some traders attempted to go short at the local resistance level without success. Despite this bullish momentum, the long-term trend remains bearish for this altcoin.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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