- Crypto Tony predicted in an X post that Stellar (XLM) may begin to rally soon.
- In his post, the analyst revealed that XLM will need to flip $0.135 before it can breakout towards the upside.
- At press time, XLM was changing hands at $0.1234 following a 24-hour loss of 0.47%.
Crypto Tony, a popular cryptocurrency trader and analyst, predicted in an X post today that Stellar (XLM) could rally soon. In his post, the trader shared that he is keeping an eye on the $0.135 mark on XLM’s chart. More specifically, Crypto Tony is waiting for the altcoin’s price to flip this key level into support before he enters into a long position for XLM.
$XLM / $USD – UpdateRemember this one legends. I am waiting for that flip of 0.135c into support to enter .. Once XLM runs .. We know $XRP will be too pic.twitter.com/12nW0QNIGP
— Crypto Tony (@CryptoTony__) November 12, 2023
The analyst also believes that once XLM begins to rally, the remittance token Ripple (XRP) will most likely follow suit. Meanwhile, data from the cryptocurrency price tracking website CoinMarketCap indicated that XLM was changing hands at $0.1234 at press time. This was after the altcoin suffered a sli…
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