🚀 $XLM
/USDT Technical Analysis 🚀
The XLM/USDT pair is showing promising upward movement, gaining +23.63% in the past 24 hours, currently sitting at $0.4290. Let’s break down the key levels to watch out for:
📈 Support Level: $0.3436
A solid floor where price has found support in the recent past. If the price dips below this level, it might indicate a potential retracement.
🔝 Resistance Level 1: $0.4400
This level has proven to be a point of resistance in the short term. A successful break above $0.4400 could pave the way for further gains.
🎯 Target 1: $0.4605
The 24-hour high at $0.4605 remains a key target for bulls to conquer. A push past this level could set up a new leg of bullish momentum.
🎯 Target 2: $0.4800
Looking a bit further ahead, if bullish pressure continues, the next major target could be around $0.4800, acting as the next resistance.
🎯 Target 3: $0.5000
A psychological round number and strong resistance area. If XLM continues its upward trajectory, $0.5000 could be the ultimate target for traders.
🔍 Market Sentiment: Gaining momentum! Keep an eye on the volume, as XLM’s recent rise has been supported by significant trading activity.
📊 Key Takeaways: XLM has had a strong bullish performance, but as always, watch for pullbacks and confirm breakouts before making any moves.
Happy Trading! 📈