"Bullish Comeback Moment? If XLM Holds This Level, It May Reach New Heights!"
Stellar (XLM) may be on the verge of a price surge, but the key lies in whether it can firmly hold the support level at $0.35. If this position holds, XLM is expected to soar by 25%, aiming for $0.45; if it fails to hold and closes below $0.33 on the daily chart, it may face a 33% correction, targeting $0.22.
From a technical perspective, the daily chart for XLM shows that the price is still in an uptrend, but it is significantly far from the 200 EMA, indicating correction pressure. Additionally, the buy signal from the TD Sequential indicator and the ongoing consolidation in the $0.34-$0.39 range provide a potential foundation for a rebound.
On-chain data also supports a bullish outlook. Coinglass data shows that $6.5 million worth of XLM has flowed out of exchanges in the past 24 hours, indicating increasing buying pressure. Meanwhile, the long-short ratio for XLMUSDT on Binance has reached 1.87, with 65.4% of top traders holding long positions, reflecting a bullish market sentiment.
The bullish enthusiasm for XLM is high, but the market is volatile, and whether key levels are broken will determine the next direction. Follow the experts to learn more market insights, seize opportunities while not forgetting to manage risks!
