$XLM Will hitt 0.20$ tonight:
It is challenging to predict whether XLM will hit $0.20 tonight with certainty, but here are some factors to consider:
1. Current Momentum:
The 24-hour gain of +29.60% indicates strong bullish momentum.
If this momentum continues and buying pressure remains high, XLM could test $0.20.
2. Key Resistance:
The immediate resistance is the current high at $0.1795. If this level breaks convincingly, the next psychological resistance is $0.20.
A breakout above $0.18 with increasing volume would be a strong indicator of further upward movement.
3. Overbought Conditions:
The RSI and Stochastic RSI suggest overbought conditions, which could lead to a consolidation or minor pullback before further gains.
If profit-taking occurs, the price might struggle to push towards $0.20 tonight.
4. Volume:
Sustained high trading volume is essential to maintain the upward trajectory. Watch for increasing volume near $0.18.
Probability:
High Chance: If XLM breaks above $0.18 with momentum, $0.20 is within reach.
Lower Chance: If the price consolidates or corrects near current levels, $0.20 may take longer.
