$XLM /USDT Technical Update - Building Momentum!

Current Price: $0.4040 (+0.62%)

Key Highlights:

24H High: $0.4121

24H Low: $0.3868

Volume: 183.87M XLM

Technical Overview:

$XLM/USDT is recovering from the $0.3868 support, trading above the 7 EMA ($0.3989) and 25 EMA ($0.4003). However, the 99 EMA ($0.4171) remains a significant resistance.

Support Levels: $0.4000 | $0.3860

Resistance Levels: $0.4120 | $0.4170

What’s Next?

A breakout above $0.4120 could push the price to test $0.4170 and potentially higher. Failure to breach this level may lead to consolidation near $0.4000.

Strategy:

Consider entries near $0.4020-$0.4040 with targets at $0.4100 and $0.4170. Place a stop-loss at $0.3960 for risk management.

Observation:

XLM is showing signs of renewed strength with bullish EMA alignment. Volume remains steady, signaling continued interest. Watch for confirmation above the 99 EMA to validate further upside.

#CryptoTrading #XLMUSDT #Binance #NFPCryptoImpact #BNBBhutanReserves