XLM has turned most overbought since April 2021, boosting risks of a 30% price decline by September.
– XLM (Stellar Lumens) has recently become extremely overbought, reaching levels not seen since April 2021.
– This overbought condition raises concerns about a potential 30% price decline for XLM by September.
– Investors and traders should be cautious and closely monitor the price action of XLM in the coming weeks.
Summary:
XLM, the cryptocurrency known as Stellar Lumens, is currently experiencing an overbought condition that hasn’t been seen since April 2021. This situation has increased the risks of a significant price decline of around 30% by September. Investors and traders should exercise caution and closely observe the price movements of XLM in the near future.
