$XLM is trading at $0.3640, up 9.11% in the last 24 hours. The price has broken through resistance and is now testing new highs, with immediate resistance at $0.3661 and support at $0.3500.
Key Levels:
Resistance: $0.3661
Support: $0.3500
Potential Scenarios:
A breakout above $0.3661 could push XLM toward $0.3700 and $0.3800.
A rejection at resistance might lead to a pullback to $0.3500 or $0.3400.
Trading Strategy:
Long Entry: Above $0.3661 with targets at $0.3700 and $0.3800.
Short Entry: Below $0.3500 with a target of $0.3400.
Stop Loss: Adjust below $0.3500 for long positions or above $0.3661 for short positions.
XLM's breakout shows strong bullish momentum. Monitor for sustained buying pressure.