š $XLM
/USDT Technical Analysis ā A Bullish Trend in Focus š
XLM has shown impressive gains recently, with a 60.66% increase in the last 24 hours! Currently trading at $0.4770, the altcoin has caught the attention of traders. Here's a closer look at the potential price action and key targets for XLM in the coming days.
š¹ Current Price: $0.4770
š¹ 24h High: $0.4860
š¹ 24h Low: $0.2901
š Key Levels to Watch:
1. Target 1: $0.4860 š
XLM is currently testing the recent high of $0.4860, which has shown to be a strong resistance point. A breakout above this level could signal continued bullish momentum, with the next target potentially higher.
2. Target 2: $0.5200 š
If XLM breaks through $0.4860, the next logical resistance would be around the $0.5200 level. This is a key psychological level where price action may stall before a potential pullback or further rise.
3. Target 3: $0.5500 šÆ
Looking further ahead, the $0.5500 target could become relevant if XLM sustains its upward momentum. This is an area where previous price action has struggled, making it a critical level for any continued bullish trend.
Key Insights:
XLM has experienced significant volume with 2.00B XLM traded in the last 24 hours, showing strong market participation.
The depth indicates 40.8091% of buy orders at current levels, suggesting strong support.
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