$XLM coin analysis on the hourly frame:
Uptrend:
The price is showing a strong rise supported by the MA(7) moving average line that intersects with the MA(25) upwards, indicating strong upward momentum.
2. RSI indicator:
The current RSI value is around 62.96, indicating that the market is still in a neutral zone with a bullish bias. If the RSI crosses the 70 level, it may indicate that the coin has become overbought.
3. MACD indicator:
The DIF line is slightly above the DEA line, with positive MACD bars (green). This reinforces the idea of continuing the uptrend, but any reversal crossover should be monitored.
4. Support and resistance points:
The next major resistance is at 0.4746 (the highest point in the past 24 hours).
The main support is at 0.3936 (the previous high turned into support).
Recommendations for you:
If you are a short-term investor, you can watch for a break of the resistance at 0.4746 to buy.
If you own the currency, it is a good idea to place a stop loss below the support at 0.3936.
