Stellar Lumens Price Analysis: 16 November
Stellar Lumens saw traders take-profit upon a push past the resistance level.
Stellar Lumens formed a symmetrical triangle pattern (white), broke out strongly to the upside, and pushed past its resistance level at $0.082.
However, XLM was unable to flip the level of resistance to support and the price was pushed back towards the support at $0.079.
The RSI also fell under 50 to denote a switch to bearish momentum on the charts. In fact, the past few weeks have seen XLM post sudden surges, then retrace most of the move, before surging north again.
Source: XLM/USD on TradingViewLearn more about the analysis here.