๐$XLM
Stellar (XLM/USDT) Technical Analysis โ Key Levels to Watch ๐ฏ
Current Price: $0.4002
24H Performance: +18.19% ๐
24H High: $0.4076
24H Low: $0.3285
Price in INR: Rs 111.41
Stellar has shown impressive growth, rallying from the 24H low of $0.3285 to test resistance near $0.4076. Let's break down the key targets and possible trade opportunities:
๐ฏ Target 1: $0.4150 (Short-Term)
Analysis: With XLM testing near $0.4076, a breakout above this level could push the price towards $0.4150. A strong bullish trend is backed by the 24H volume of 398.84M XLM.
Key Indicator: RSI is showing strength, indicating bullish momentum in the short term.
๐ฏ Target 2: $0.4300 (Mid-Term)
Analysis: If the $0.4150 resistance is broken, the next significant level is $0.4300. This target aligns with the breakout trend and recent support at lower levels.
Volume: The strong trading volume (145.57M USDT) could support this move.
๐ฏ Target 3: $0.4500 (Long-Term)
Analysis: A continued upward trend could see XLM reaching $0.4500 in the longer term, especially if market conditions remain favorable.
Conditions: This target could be reached if XLM maintains a stable bullish pattern above $0.4150. Watch for market sentiment and any news catalysts that may drive further growth.
โ ๏ธ Key Support Zones: $0.3867 and $0.3416
If XLM faces rejection at current levels, these support zones could provide a buffer before any further downside.
๐ Final Thoughts:
XLM is showing strong potential after its recent breakout, with solid bullish indicators. Monitor the AVL levels and depth for entry points. Make sure to use stop-loss orders to manage risk and protect your trades.
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