$XLM Pulls Back to $0.4487 – Is the Next Surge Around the Corner?
$XLM has surged to $0.4487, marking a 9.20% gain in the last 24 hours, following an impressive run to the day’s high of $0.4718. The sharp rally saw strong bullish momentum, but a pullback is now testing key support near $0.4527. Bulls appear to be recharging, and if XLM reclaims $0.4550, the next move could push toward $0.4620 and possibly retest $0.4718.
On the downside, immediate support lies at $0.4307, a critical level to maintain for bullish continuation. The MACD shows cooling momentum, while RSI at 36 suggests room for recovery. Traders should monitor for a bounce above $0.4527 as a potential re-entry signal, targeting gradual gains with a stop-loss near $0.4300 to manage risks effectively.