#XLMUSDT $XLM

Based on the analysis of the 1-hour and 4-hour charts for XLM/USDT, the price is currently demonstrating strong bullish momentum. The price has surged past the 200-period Moving Average (MA), which is positioned at $0.0945 on the 1-hour chart and $0.0980 on the 4-hour chart, indicating a potential shift in trend. The Relative Strength Index (RSI) is at 62.09 on the 1-hour chart and 68.30 on the 4-hour chart, suggesting that the asset is approaching overbought territory but still has room for upward movement. The MACD indicator shows a bullish crossover on both timeframes, with the MACD line at 0.0021 above the signal line at 0.0020 on the 1-hour chart, and the MACD line at 0.0024 above the signal line at 0.0015 on the 4-hour chart, reinforcing the bullish sentiment.

In a bullish scenario, if XLM/USDT continues to maintain its position above the support level at $0.0997 on the 1-hour chart and $0.0953 on the 4-hour chart, it could aim for the next resistance zone around $0.1063. Sustained buying pressure and positive market sentiment could push the price higher towards $0.1100 and beyond.

Conversely, in a bearish scenario, if the price fails to hold above the $0.0997 support on the 1-hour chart and $0.0953 on the 4-hour chart, it may retest lower support levels around $0.0900. A break below this level could indicate a reversal, leading to further downside towards $0.0850 and possibly lower.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile and carry significant risks. Always do your own research and consult with a financial advisor before making any investment decisions.

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