Based on the recent 15-minute chart, $XLM /USDT is trading near $0.4420, showing strong bullish momentum with a significant surge in price. Immediate resistance is observed at $0.4500, and a breakout above this level could lead to further upside, testing $0.4600 or $0.4700 in quick succession. On the downside, the nearest support lies at $0.4300, which is critical for maintaining the current bullish trend.
If this level fails, the price could retrace further toward $0.4200. The RSI indicates overbought conditions, suggesting a potential pullback or consolidation before the next big move. Traders should watch for a breakout above $0.4500 or a retest of support near $0.4300 for potential trading opportunities.
As always, ensure proper risk management with stop-loss levels set below $0.4200 to manage downside risks effectively.