Stellar Lumens’ (XLM) analysis is carried out today using a log scale on the 6 hour timeframe.
Price action ever since January 26 this year has remained in a side trend that is best described as a symmetrical triangle chart pattern.
Eventual breakout of the ~10 months chart pattern could see the price of Stellar Lumens collapse on a confirmed downside breakout or move up significantly on a confirmed bullish breakout.
In either case, the width of the triangle is key in estimating a minimum projection for the price of Stellar Lumens upon breakout.
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