Stellar $XLM Analysis 👍🚀

In this chart, we are analyzing XLM/USDT, which shows a significant price movement, up 27.71% for the day, signaling strong bullish momentum. Let's break it down using Fibonacci retracement and other key indicators. 🎯

Key Fibonacci Levels 🎯

1.0.236 (0.5409) 🚧: This is the first major resistance level. If the rally continues, this zone could cause some selling pressure.

2. 0.382 (0.5178) 🚧: A strong resistance that may slow the price if momentum fades.

3. 0.618 (0.4805) 🔥: The "golden ratio" level, critical for deciding the next bullish leg.

Support Levels:

1.618 (0.3223) 🛡️: Acts as strong support if the price reverses sharply.

Price Movement and Targets 🎯

1.🚀 Bullish Target 1: If XLM maintains its rally, the first target is 0.4805 (0.618 Fib level).

2.🚀 Bullish Target 2: Further momentum could push it toward 0.5178 (0.382 level).

3.🐻 Bearish Target: A reversal may test 0.3223 (1.618 Fib support) as a critical downside level.