XLM Consolidating before Blast Off
2024-12-09

XLM also known as Stellar was exposed to a less than stellar launch back at the peak of the 2021 bull market. 

However, after a massive beat down to les than 10cents, XLM has recently rallied back to all time highs on the notion that American made crypto holders can realize gains without capital gains tax. Not only that, but XLM offers low-cost transfers which allows cross-border transactions between any pair of currencies. 

At the moment, I have been watching XLM consolidate after a huge move, which may be a potential signal that this crypto is coiling up for its next move higher. I have taken this long trade at the Value Area Low, and would like to see new all time highs made. 

We've also bounced off the anchored vwap from the beginning of this recent pop upwards. 

Lets see how this one plays out! 



