Stellar XLM Price Prediction | Watch Closely! 👀

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XLM/USDT is starting to look somewhat overextended to the downside with the weekly RSI only just about the 30 level, a level at which we have historically not fallen below. That being said, the last time we approached the 30 level for the first time, it marked the the slowing down of a continuing downtrend as opposed to the end of it.

The next likely support as seen on the weekly chart is the $0.075 level as marked by the volume profile’s peak volume range.

Given that we are in a descending wedge, there is some possibility that we find support sooner at approximately the $0.095 level.

On the 4hour chart we are seeing some possibility of a double bottom just above the psychological $0.1 support level from which we had a big bounce last time but the market still favors the bears.


Use this checklist to help you with the research and due diligence process for any crypto project.

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Does the Federal Reserve See the Threat of Recession?

Most central banks are moving aggressively to neutralize runaway inflation, a “bogey” world leaders must eliminate.

As Michael Howell points out, though, “Otherworld economies are already in recession,” and the U.S. will quickly follow suit. In conversation with Jared Dillian, editor of The Daily Dirtnap, Howell, the CEO of Crossborder Capital, paints a bleak picture.

“The next six months are going to be pretty ugly” as liquidity conditions continue to deteriorate and economic data continue to disappoint.

Michael and Jared also talk about why Federal Reserve policy probably won’t change much until early 2023, what’s made the Japanese yen weaken so drastically, and how the European Central Bank’s recent moves reintroduce “fragmentation” risk for the European Union.

Recorded on June 13, 2022.

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