XLMUSDT: Update - Descending Channel | Time To BUYXLM tested the support area again and it should move higher quite soon.
As we can see from the chart with BTC correction all the altcoins made a move down as well.
In many of them the correction as very big and it tested the lower low that the price did when BTC was the it's lowest price on July-21.
From the chart we can see that XLM did the same movement and the price tested the left structure support near 0.2500.
It looks like that all the move down finished.
The price can create a potential range trading movement.
And...the price just broke out of the "Descending Channel"
Targets:
0.3500
0.4200
Thank you and Good Luck!