($XLM ) Signals Recovery: Bullish Reversal to $0.3 Soon???🔥 ⭐ Buy and trade here 👇
⭐#stellar (XLM) Price Analysis:⭐
Stellar (XLM) is currently changing hands at $0.2882, although up 1.76% in the past 24 hours, it still remains down 7.65% over the past week. Despite the recent plunge, the rebound from the 200-day moving average is a bullish sign. Historically, this MA acts as a strong dynamic support, and price bouncing from this zone often signals the end of short-term bearish trends.
Looking at the 4-hour XLM price chart, the altcoin is pushing above the 9-D SMA, another early indication of bullish momentum.
That’s not all, the RSI at 51.34, breaking above the midline, suggests growing buying pressure after a bearish phase.
Moving toward its forecast, XLM is currently ranging between a key support at $0.20 and a resistance at $0.35.
Considering the aforementioned developments, if the altcoin runs out of steam, it could tumble down to $0.26.
However, if the breakout gains traction, the $0.30 mark could be on the horizon, before a leg-up to $0.35.
That being said, it could average out at $0.28.
⚙️ Risk: Use proper risk management — 3x–5x leverage recommended🌞
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