XLM/USDT Holds $0.085 Support, Can Bulls Push Above $0.1

XLM/USDT is trading at $0.09048, with a slight increase of +0.59%, showing some bullish activity as the price rises toward the resistance levels.
Technical Indicators:
200 MA: The 200-period moving average is at $0.09565, a key resistance that could determine whether the price will continue upward or face rejection.VWAP: XLM/USDT is currently trading below the VWAP at $0.0906, indicating that the market has yet to pick up significant momentum.RSI: The Relative Strength Index (RSI) stands at 54.71, showing that the market is slightly bullish but still in neutral territory, which means there's room for further upward movement.MACD: The MACD line is at 0.00025, slightly above the signal line at -0.00025, which suggests early bullish momentum, although it is not yet strong.
Chart Patterns and Support/Resistance Levels:
The second chart indicates that XLM has been hovering around the $0.0850 support level and is now testing the $0.090 level as immediate resistance.Should the price break above $0.090, the next key target will be the $0.1017 resistance level. However, failure to break above $0.095 could see the price fall back to retest the $0.085 support.
Conclusion:
XLM/USDT is showing some early signs of bullish reversal. A break above the $0.090 level could provide further momentum toward $0.095 and beyond. However, failure to clear this resistance could lead to consolidation or even a pullback to the $0.085 support area.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a financial advisor before making any investment decision.

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