$XLM /USDT: Rebound in Progress or a Pause Before More Losses?
$XLM is trading at $0.4003, down 1.94% on the day, but showing signs of recovery from its low of $0.3868. The price is consolidating near resistance, raising questions about the next directional move.
Trade Setup
Entry Point: $0.4003
Targets to Watch
1. First Target: $0.4120
2. Second Target: $0.4250
3. Third Target: $0.4400
Support Levels
Immediate support at $0.3950, with critical support at $0.3860.
Analysis
The RSI at 60.44 suggests momentum is picking up. A breakout above $0.4120 could confirm bullish intent, while failure to hold $0.3950 might lead to a retest of $0.3860. Watch for volume spikes to validate the move.