$XLM

/USDT Technical Analysis: Price Action & Key Targets 🎯

The XLM/USDT pair is showing bullish momentum with a notable +6.79% gain in the last 24 hours, currently trading at $0.2515. Let's dive into some key technical levels and potential targets:

1. Target 1: $0.2566

This is the 24-hour high, and a breakout above this level could signal further bullish movement. A sustained push past this mark might drive the price to new highs.

2. Target 2: $0.2450

A potential support level near this price point. If XLM retraces, this could be an area to watch for a rebound. A bounce here would confirm the strength of the uptrend.

3. Target 3: $0.2237

The 24-hour low, which could act as a solid base for price action. A deeper correction might test this level, but any price action staying above this support would maintain the bullish outlook.

With XLM trading above key support levels, it’s important to watch for price consolidation or breakout scenarios around these targets. Traders should stay alert to volume trends and price patterns for additional confirmations.