$XLM /USDT Market Update
Yesterday, XLM encountered resistance around 0.25301, failing to break through and pushing the market into a pullback. As seen on the 1-hour chart, XLM has been consolidating sideways in a tight triangle formation, with a strong support level at 0.22500.
Key levels to watch:
- Resistance: 0.25300
- Support: 0.22500
A breakout above 0.25300 with strong momentum could trigger a rally, potentially pushing XLM up +50% towards the next key resistance at 0.36054.
On the flip side, a break below the support could lead to a pullback towards the 0.20 level, though this scenario seems unlikely given XLM's current price action and bullish outlook.
Stay tuned for further updates and trade smart!