Stellar: After 8% pullback, can XLM rebound to 2021 highs?

Quick Summary:

Whales took profits from XLM's rally and haven't re-entered the market yet.

The CMF has been flat since the 20th of November, meaning inflows stagnated and could mute any prospect of an extended rally.

The uptick in CMF (Chaikin Money Flow) indicated record inflows, so the uptrend could extend after building enough momentum above $0.4.

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Author / Journalist: Benjamin Njiri

Category: Crypto

Markets: United States

Topics: News 1 Altcoin HideCryptopanic Ambcrypto News Analysis Trading View Social

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Published On: 2024-12-02 @ 07:00:54 (3 days ago)

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News Source URL: ambcrypto.com

Language: English

Article Length: 421 words

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Copyright Owner: © AMBCrypto

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