#XLM ANALYSIS
#XLM/USDT is currently exhibiting a symmetrical triangle pattern.
At present, XLM is showing signs of rejection at the upper trendline of the triangle. This rejection suggests that there is currently selling pressure at this level, potentially leading to a downward move in price.
However, a solid breakout above the upper trendline would confirm a bullish rally for XLM.
It is important for traders to monitor the price action closely and look for confirmation of either scenario. If the breakout occurs, it could present an opportunity to enter a long position, while a rejection would signal a potential short opportunity.
