RATE Group | Tezos and Stellar Lumens Poised for a Correction
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Tezos and Stellar Lumens Poised for a Correction

25 Apr Tezos and Stellar Lumens Poised for a Correction

Posted at 06:25h in Cryptocurrency News by

Tezos and Stellar Lumens have managed to recover all of their losses incurred during Black Thursday, but different indicators show that the uptrend may soon come to an end.

Key Takeaways

  • Tezos is reaching a critical level of resistance that may cause trouble for the continuity of its uptrend.
  • Along the same lines, Stellar Lumens is seeing a number of on-chain metrics and technical indicators flashing sell signals.
  • A further increase in the selling pressure behind XTZ and XLM could see them drop to $2.35 and $0.05, respectively.

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Tezos and Stellar Lumens have enjoyed an impressive rally over the last three days, with their prices rising more than 30%. Now, XTZ and XLM appear to be approaching an exhaustion point with multiple indicators pointing to an impending correction.

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