$XLM is currently trading at $0.4332, showing a remarkable 53.02% increase over the past 24 hours. The price is approaching its 24-hour high resistance level at $0.4746, a critical zone for potential bullish continuation. Immediate support is observed at $0.4200, with a stronger safety net at $0.4000 if bearish pressure intensifies.
A suggested entry point is around $0.4300, aiming for conservative take-profit targets at $0.4500, $0.4600, and $0.4700. To mitigate risks, a stop-loss should be placed below $0.4000. The RSI is at 89, signaling overbought conditions, so traders should expect potential pullbacks before further upward momentum. Monitor the resistance closely for a breakout, and keep an eye on support levels to secure positions in case of reversals. Stay vigilant, as XLM is poised for significant volatility. š