#Stellar $XLM at a Crossroads: Key Levels to Watch
Stellar (XLM) saw a 10% drop in 24 hours, despite a weekly 94%
surge, signaling fading bullish momentum as selling pressure
rises.
Key Levels:
*/ Support: $0.099, a critical defense line.
*/ Resistance: $0.638, with potential for $0.70 if buying pressure returns.
Indicators:
*/ RSI: Fell to 48.31 from overbought levels, indicating neutral
momentum but weaker bullish strength.
*/ Ichimoku Cloud: Bearish signals as XLM trades below key
lines (Kijun-Sen & Tenkan-Sen), with thinning support.
*/ EMA Trend: While still bullish, narrowing gaps between
short- and long-term EMAs reflect slowing upward momentum.
Scenarios:
*/ Bearish: Further declines to $0.099 (76% correction).
*/ Bullish: Recovery above $0.638 could push XLM to $0.70, a
potential 62% upside.
XLM's price action hinges on whether it stabilizes near support
or succumbs to mounting bearish sentiment.
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