XLM Is More Bullish Than ETH, SOL, And XRP Peter Brandt
The post XLM Is More Bullish Than ETH, SOL, And XRP Peter Brandt appeared on BitcoinEthereumNews.com. Stellar (XLM) has emerged as the most bullish-looking chart among major cryptocurrencies, according to veteran trader Peter Brandt. Another top trader’s analysis confirms Brandt’s prediction over the short-term. Besides, the open interest is positive indicating that more traders are showing interest in this token. Brandt Sees Bullish Breakout for XLM In a recent X post, Brandt posted a long term XLM chart to explain a breakout formation. But he noted that the token must stay above its April low levels and remain well above the $1 price level. Brandt pointed to an inverse head-and-shoulders pattern visible on the monthly chart. He also stressed the importance of the $1 resistance. He noted that XLM would stay range-bound until that level is broken. Market sentiment around Stellar has changed rapidly. Brandt’s tweet suggests that the coin’s price structure is more bullish than Ethereum, Solana, and XRP at this stage. Currently, the XLM price is up nearly 60% in the last 7 days and trades at $0.4767. Brandt’s prediction is notable given his recent prediction about XRP price going up, up and up. Since making this prediction, XRP price has remained up. It has gained nearly 33% in the last seven days. Solberg Invest Predicts $0.60 After Breaking Downtrend In another X post, top analyst Solberg Invest posted a short-term view showing a strong XLM rally. XLM price has jumped over 80% recently and is trading near $0.46. The move broke a long-standing downtrend, turning $0.43 into a key support. Solberg noted the next target for the token is $0.60, with the potential for higher levels. The daily chart from TradingView shared by the analyst shows price spiking past resistance zones. Since the beginning of 2021, the stellar token has not traded above $1. Multiple attempts of reclaiming it have also failed and…
The post XLM Is More Bullish Than ETH, SOL, And XRP Peter Brandt appeared on BitcoinEthereumNews.com.
Stellar (XLM) has emerged as the most bullish-looking chart among major cryptocurrencies, according to veteran trader Peter Brandt. Another top trader’s analysis confirms Brandt’s prediction over the short-term. Besides, the open interest is positive indicating that more traders are showing interest in this token. Brandt Sees Bullish Breakout for XLM In a recent X post, Brandt posted a long term XLM chart to explain a breakout formation. But he noted that the token must stay above its April low levels and remain well above the $1 price level. Brandt pointed to an inverse head-and-shoulders pattern visible on the monthly chart. He also stressed the importance of the $1 resistance. He noted that XLM would stay range-bound until that level is broken. Market sentiment around Stellar has changed rapidly. Brandt’s tweet suggests that the coin’s price structure is more bullish than Ethereum, Solana, and XRP at this stage. Currently, the XLM price is up nearly 60% in the last 7 days and trades at $0.4767. Brandt’s prediction is notable given his recent prediction about XRP price going up, up and up. Since making this prediction, XRP price has remained up. It has gained nearly 33% in the last seven days. Solberg Invest Predicts $0.60 After Breaking Downtrend In another X post, top analyst Solberg Invest posted a short-term view showing a strong XLM rally. XLM price has jumped over 80% recently and is trading near $0.46. The move broke a long-standing downtrend, turning $0.43 into a key support. Solberg noted the next target for the token is $0.60, with the potential for higher levels. The daily chart from TradingView shared by the analyst shows price spiking past resistance zones. Since the beginning of 2021, the stellar token has not traded above $1. Multiple attempts of reclaiming it have also failed and…
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