$XLM Will hitt 0.24$ tonight:

Predicting whether XLM will hit $0.24 tonight. Based on the chart:

Key Points to Consider:

1. Resistance at $0.2040:

Before XLM can reach $0.24, it needs to break the immediate resistance around $0.2040.

A breakout would require significant buying momentum, which is not currently evident (declining volume).

2. Indicators:

The RSI is neutral and leaning toward oversold, meaning upward momentum could resume but isn't guaranteed.

The Stochastic RSI being in oversold territory suggests a possible rebound, but confirmation is needed.

3. Volume and Momentum:

For XLM to reach $0.24, it needs a sharp increase in trading volume and a shift in momentum.

The current price correction could act as consolidation before an upward move, but without strong buying interest, this target might be difficult to achieve tonight.

Likelihood:

Bullish Case: If a breakout above $0.2040 occurs with strong volume, XLM may test $0.24, especially if Bitcoin or other major cryptocurrencies rally tonight.

Bearish/Neutral Case: If the price continues consolidating or drops further, it is unlikely to reach $0.24 within such a short timeframe.

Recommendation:

Monitor the resistance level ($0.2040) closely. If XLM breaks above it decisively with strong volume, there’s a possibility it could test $0.24. However, setting realistic expectations and using stop-losses is crucial in case the market reverses.