After months of consolidation within a flag channel, Stellar $XLM has decisively broken its trendline, signaling a strong bullish momentum. Currently trading above $0.2880, this breakout could potentially lead to a rally toward the $0.6343 mark, representing a significant upside.
💥 Key Highlights:
Breakout Confirmation: XLM has surpassed the $0.2880 resistance, confirming the breakout from its prolonged consolidation phase.
Technical Indicators: The 50-day EMA is trending upward, and the RSI indicates increasing buying pressure, supporting the bullish outlook.
Volume Surge: A noticeable increase in trading volume accompanies the breakout, adding credibility to the move.
If the current momentum sustains, $XLM could test the $0.6343 resistance level in the near term. Traders and investors should monitor the price action closely, as a successful retest of the breakout level could provide further confirmation of the uptrend.
Note: Always conduct your own research and consider risk management strategies before making investment decisions.
Buy and Trade Here $XLM
