đš $XLM /USDT ALERT: 5.74% Drop â Will XLM Bounce Back? đš
$XLM is currently trading at $0.5136, down 5.74% after reaching a high of $0.5649 and testing a low of $0.4522. The price is now stabilizing at a key level. The next few moves will determine if $XLM can reverse this trend.
đ Key Levels to Watch:
1ïžâŁ Resistance: $0.5649 â Watch for a breakout above this level, which could target $0.5706.
2ïžâŁ Support: $0.4522 â This is a crucial support level. A strong bounce from here could trigger a rally back to resistance levels.
3ïžâŁ Target 1: $0.5292 â This could be a potential short-term target as XLM consolidates and tests resistance.
đ Caution: If the price fails to hold $0.5136, further downside toward $0.4522 is possible. However, maintaining above this level could trigger a rebound towards resistance.
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