XLM has been inside of this channel for a whileI've been tracking XLM for a while, realized its been in this channel for a while. It obviously dipped below it and bounced back up to it several times. I was hoping for a $0.30 XLM by the halving but that's not happening. The logic is most projects will do a 10x 18 months after the halving that would give us $1 XLM but if tokenization takes off as rumors say Blackrock is working with Stellar we will see greater gains. XLM has dropped down in to the 30 range of top coins which is good because we have room to grow, obviously the top 10 are almost blue chip coins it means safer with less gains.
The only coin worth looking at with great potential is DOT and they have a cross chain with XLM which can bring value to both chains.
My theory is based on XLM's peek from May 21st, 2021.
1,000,000 XLM @ last peek price is $800,000 | today's price $110,000
500,000 XLM @ last peek price is $400,000 | today's price $55,000
300,000 XLM @ last peek price is $240,000 | today's price $33,000
150,000 XLM @ last peek price is $120,000 | today's price $16,000
75,000 XLM @ last peel price is $ 60,000 | today's price $8,250