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XLM shows relative strength after multiple tests, Sjuul Follings notes

XLM shows relative strength after multiple tests, Sjuul Follings notes
XLM breakout follows sixth test

Sjuul Follings observes a potential breakout in XLM after identifying its relative strength earlier than others. The commentary highlights that the sixth test of resistance appears to have been a turning point for the cryptocurrency.

Follings has recently commented on price action in other major cryptocurrencies. He noted that SOL remained weak after rejection at $98 and returned to a consolidation range, with resistance forming at $88, according to his earlier commentary. In a separate post, he observed a bullish chart formation on INJ and suggested a potential breakout could be imminent, as detailed in a previous analysis.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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