$XLM

/USDT Technical Analysis 🎯

Stellar (XLM) continues its bullish momentum, currently trading at $0.4150 (+25.11% in 24 hours). Here's a technical breakdown with three potential targets:

Key Levels:

Support: $0.4100

Resistance: $0.4174

🎯 Target 1: $0.4400

This short-term target aligns with the next resistance level, indicating strong bullish sentiment if volume sustains its current growth. A breakout here could attract more traders.

🎯 Target 2: $0.4600

Mid-term target. If XLM breaks and consolidates above $0.4400, $0.4600 is the next key psychological and technical level. Watch for RSI signals to confirm momentum.

🎯 Target 3: $0.5000

Long-term target. This milestone could mark a significant trend continuation for XLM if broader market sentiment remains positive, making it an attractive option for swing traders.

Outlook:

Stellar remains one of the top-performing Layer 1 tokens, backed by high trading volume and strong community support. However, traders should monitor $0.4100 as a crucial support level to avoid a potential retracement.

What’s your strategy for XLM? Share your insights below!