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While Bitcoin (BTC) is trying to move above $9,000, altcoins are showing a lot more volatility. The majority of the top coins are in the red except for Stellar (XLM), which has has rocketed up almost 10% over the day, putting it back into the CoinMarketCap’s top 10 list.
Below is the following information for Stellar (XLM), Monero (XMR) and NEO (NEO):
Against the relative neutral market mood, XLM is showing the best price dynamics. Its rate has increased by almost 10% over the last 24 hours. What’s more, the price growth has helped XLM return to the top 10 cryptocurrency list.
Even though XLM soared today, the current growth is a pump and not the start of a bull run. The rollback has already started as the last bear candle has a large wick, signaling an upcoming correction. What is more, the RSI touched the oversold area, resulting in a downward movement. Respectively, the nearest scenario is a support level of $0.66, which might happen sooner than later.
At the time of publication, XLM was trading at $0.069764.
XMR might have touched the bottom at the $50 mark, and is currently located in a local uptrend movement.
On the 1D chart, the MACD is bullish; however, there is a lack of buyers to support this coin. Even with the October 25th pump, the coin has almost rolled back to its…