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Topic: Crypto price prediction: Stellar (XLM) in the threat to more price fall (Read 18 times)

legendary
Activity: 2940
Merit: 1090
Sure, but, each step downward in price meant selling more to my buy offers column cheaper, so I have much more Lumens now, worth less each, than I had when they were worth more each.

Plus as the downward was not total, featuring in fact some back-upward moments, I didn't profit just once in each range downwards but several times as sometimes its back-upward zig or zag bought back from my sell offers column buying back XLM that very recently had been dumped cheap onto my buy offers column.

So all in all what does it matter what its actual price each is? Total value of trading pair continues upward regardless of which side of pair is up or down at a given moment.


-MarkM-

newbie
Activity: 12
Merit: 0
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjODn9jmhSJ6hKsHmRYmbewV9EQPOEKmrIuxUh7HzOs2a1Yvh4zCh6z3PJqInpwwsg6Kua-_lHVD5pEQ83G8Q8gDJ7pYsiHIgNogpCxGb5PqeyJBOV4ZTAdtYuhd6wNSgTLK9T1paqY3MGYSS5OCJND_vl9Kvyej5P4B9RYuDp1GmHeVXuMgy-9hbx7Lw9U/w640-h486/stellar%20price%20analysis.jpg

In December, Stellar's price action faced a tough start after a strong performance in November. November was the best month for Stellar (XLM) since 2021 and marked the most significant surge in the 2024 crypto rally. However, as December began, Stellar struggled to maintain its momentum and couldn't reach the highs it achieved in November. According to an analysis on December 12, the support zone at 0.4815, just below November's closing level, was crucial to monitor.

Following the failed attempt to push higher, Stellar's price entered a downtrend. Over the course of December, it lost more than 48% of its value, falling to just above the 0.3000 support line. By December 29, 2024, there was a slight rebound in price, reaching the 0.3525 resistance level. Despite this minor recovery, the future direction of Stellar's price remains uncertain.

The monthly chart reflects a loss of about 50% of November's gains, suggesting that the downtrend might continue in the long run. This substantial drop highlights the volatility of the cryptocurrency market and the challenges faced by Stellar in sustaining its earlier gains.

https://www.cryptocrit.xyz/2024/12/crypto-price-prediction-stellar-xlm-in.html
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