📊 $XLM on the Move: Technical Analysis Points to $1

Stellar (XLM/USDT) is displaying a strong bullish trend, supported by key technical indicators. Here's why $1 could be on the horizon:

🔍 Key Technical Signals

1️⃣ Breakout Confirmation:

Resistance Level ($0.50): XLM has successfully breached the critical resistance level, confirming upward momentum.

2️⃣ Bollinger Bands:

Price is trading above the middle band, suggesting continued bullish pressure.

3️⃣ MACD:

A bullish crossover has occurred, signaling potential for further upside.

4️⃣ Volume Spike:

Increased trading volumes indicate strong investor interest and momentum.

5️⃣ Support Levels:

Immediate support at $0.45 and a secondary support zone at $0.42, providing a solid base for further movement.

📈 Short-Term Target

Next Resistance: $0.75

Psychological Level: $1

💡 Outlook:

With momentum building, XLM is on track to test $1 in the near term. Watch for sustained volume and stability above key resistance levels to confirm the breakout.

📌 Disclaimer: This is based on technical analysis only and not financial advice. Please trade responsibly and do your own research.