📈LONG: $XLM (4H)
Current Price $0.51
Market Cap $14.87B
Change 1h -1.21% | 24h +1.77%
4-Hourly Indicators:
• RSI: 55 - Neutral 🟠
• MACD: 0.01 - Bullish 🟢
• EMA: 0.46 - Trading Above 🟢
Analysis: XLMUSD's recent breakout above key resistance in the weekly chart shows bullish strength. The price broke a resistance line of a falling wedge on the 4H timeframe, suggesting further upside. This classic trend-following pattern highlights potential for higher prices.
Price Targets: With the bullish breakout, a rise towards the $0.60 level is forecasted. This target aligns with the prevailing momentum and trend patterns on both weekly and 4H charts. Keep an eye on key support levels to confirm upward trends.
