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XLM price is playing catchup to XRP's March gains, quickly rising 25% versus the U.S. dollar while the XLM/XRP pair bounces from record lows. The price of Stellar (XLM) rebounded 15% versus its arch-rival XRP (XRP) two days after the XLM/XRP pair set a record low of 0.181. Notably, the XLM/ XRP pair rose to its intraday high of 0.20 XRP on March 31, a move that coincided with a decoupling between Stellar and XRP in the U.S. dollar market. For instance, XLM's price has jumped over 11% since March 29 versus XRP's 3% decline. XLM/XRP weekly price chart. Source: TradingView XLM price eyes 10% gains versus XRP in April On a broader timeframe, XLM has dropped 89% versus its peak of 1.655 XRP in January 2021. Interestingly, the peak formed a month after the U.S. Securities and Exchange Commission sued Ripple for allegedly selling securities in the form of XRP tokens.  The SEC vs. Ripple case is now nearing its conclusion with legal experts favoring a win for Ripple. Meanwhile, ...

Flags are among the most-referred patterns in technical analysis that can provide clues to the price trend and potential next move. In technical Analysis , a flag pattern indicates short-term price movements inside a parallelogram coounter to the previous long-term trend. Traditional analysts view flags as potential trend continuation indicators. There are two types of flag patterns: bull flag and bear flag. While their outcomes are different, each flag exhibits five key characteristics, as listed below: The strong preceding trend (flagpole or pole) The consolidation channel (the flag itself) The trading volume pattern A breakout A confirmation of the price moving in the direction of its previous trend. In this article, we discuss bull and bear flag pattern s and how to trade them. What is a bull flag pattern? A bull flag is a technical pattern that appears when the price consolidates lower inside a downward-sloping channel after a strong uptrend. The said channel comprises two par...

SOL price has been unable to close above a key resistance level of around $17.50 despite its big rebound in the past two weeks. Solana (SOL) price is up an impressive 60% since the new year, partially boosted by hype surrounding meme cryptocurrency Bonk (BONK). However, the SOL/USD pair now shows signs of exhaustion, raising anticipations that the token may see a short-term correction in the coming days. Solana turns overbought Solana is one of the best performing cryptocurrencies so far in 2023 after being one of the biggest losers in 2022.  On Jan. 9, SOL's price jumped to as high as $19.50, or around 120% gains in a recovery rally after sliding below $8 on Dec. 29, 2022. But the price spik also turned Solana into an overbought asset, per its daily relative strength index (RSI) reading above 70, as shown below. SOL/USD daily price chart. Source: TradingView Traditional investors typically see an overbought RSI as a potential sell signal, given the indicator has historically coin...