XLM/USDT: Explosive Momentum – Imminent Breakout..
The price of XLM/USDT is up more than 9% and is currently trading at $0.3632, after rebounding sharply from the $0.3285 low. The price broke multiple resistance levels with increased trading volume, reaching a 24-hour high of $0.3661. The bullish momentum suggests that XLM is poised to make further gains as buyers take control of the market. If the price sustains above $0.3600, XLM could target $0.3700 and $0.3800 in the short term. However, a decline below $0.3500 could lead to a retest of the $0.3400 support area.
Trade Setup:
Entry: around $0.3630
Targets:
Target 1: $0.3700
Target 2: $0.3800
Stop Loss: $0.3480
Keep a close eye on volume and momentum. XLM/USDT is at a crucial stage, a break above $0.3660 could spark further upside, while failure to hold key levels could lead to consolidation. Manage trades with caution.