The price of the Stellar token XLM is looking at a bearish scenario, despite an impressive start to the year.
The price of the Stellar (XLM) token may see a short-term downtrend, despite rising over 35% in the past few days.
The Bollinger Bands indicator, which is used to measure the volatility of an asset, shows that the XLM price has reached the top of the range, which may indicate a possible correction.
If the price drops to the median, it will be a decrease of 15.45% from the current price.
Alternatively, a drop to the lower band may also be possible, which would be a decrease of 31.3%.
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