Strong downtrend

XLM is in a strong downtrend, moving within a descending channel. Observing the price action at the lower channel support is crucial to assess potential movements towards the upper channel resistance.

6/24/20241 min read

Chart showing XLM in a descending channel with a focus on the lower channel support and potential mo
Chart showing XLM in a descending channel with a focus on the lower channel support and potential mo

XLM is currently in a strong downtrend and continuing its downward movement. The price is moving within a descending channel. It is crucial to observe the price action at the lower channel support to assess potential movements towards the upper channel resistance.