Looking at the chart of XLMUSD, we see substantial resistance near 0.86. That resistance comes from both the 50-day moving average and a diagonal Fib resistance line. The Fib resistance structure that dates back to last year has provided strong resistance in XLMUSD . The level we think that a confirmed bottom would be is .98. So, XLM has more work to do before you can say that XLM is joining "Big Coin Season."

Bottom Line: If you can't resist buying, buy a dip. If you want to go with strength, wait until there's a burst above .86. Longer-term players can pile in on a break above .98.

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