$XLM

/USDT Technical Analysis: Current Momentum and Key Targets 🎯

The XLM/USDT pair is showing strong upward momentum, currently trading at $0.3696 (+8.26%). As we dive into the technical landscape, three key price targets stand out for traders to monitor:

🔹 Target 1: $0.3813 (Resistance Zone)

This level marks the recent 24-hour high and is a critical resistance point. A break above this could signal a potential bullish continuation, pushing the price higher.

🔹 Target 2: $0.3600 (Support Zone)

With the price showing slight volatility, the $0.3600 support is key to watch. If price retraces, this could serve as a solid entry point for buyers looking to capitalize on a potential rebound.

🔹 Target 3: $0.3285 (Lower Support)

This is the 24-hour low and serves as a lower boundary for XLM. A deeper correction toward this level could present an opportunity for long-term buyers to accumulate at a discount.

🔎 Technical Indicators:

The RSI is currently in neutral territory, suggesting no overbought or oversold conditions.

The MACD is showing a slight bearish divergence on the 1-hour chart, cautioning traders to keep an eye on further price action.

As always, manage risk accordingly and keep an eye on market sentiment. XLM could be gearing up for a breakout or a pullback, so staying alert to these key levels is crucial!

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