$XLM Potential Scenarios
XLM is showing a strong bullish momentum, supported by increased trading volume and upward-moving averages. Traders should monitor the $0.2558 resistance closely, as a breakout could drive further gains. However, a pullback to test the $0.2376 support level could occur before the next upward move.
Bullish Momentum: The price is consistently closing higher, and the slope of the MAs points to sustained upward movement.
Key Levels
1. Resistance:
Immediate resistance is at $0.2558, the 24-hour high. A breakout above this level could push the price toward the next psychological resistance around $0.27.
2. Support:
Initial support is near $0.2376. If the price falls below this, stronger support lies at $0.2166.
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