*XLM Stellar is showing signs of strength! 🌟*
Right now,XLM is bouncing off a *key weekly support* zone that aligns perfectly with the *0.786 Fibonacci retracement level* — a powerful spot where buyers often step in 🔍
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What’s happening?
XLM is moving inside a *falling wedge pattern*, which is typically a bullish reversal signal. IfXLM breaks out above this wedge, it could spark a strong upward move 🚀
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Targets on a confirmed breakout:
1️⃣ *0.4584* — First resistance to watch, a good early profit zone
2️⃣ *0.5610* — Medium-term target signaling more bullish momentum
3️⃣ *0.6719* — Strong upside target, possibly new yearly highs
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Analysis:
The 0.786 Fib zone acts like a safety net, catchingXLM price and giving it a chance to reverse. Combined with the wedge pattern, this setup looks promising for buyers ready to push the price higher.
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Final thoughts:
If $XLM breaks out of this wedge, expect a nice rally ahead. But if support breaks, be cautious as a deeper pullback could happen. This is a key moment for Stellar to show its strength 💪✨
Stay tuned and watch the breakout carefully! 📈🔥