Basheer_Algundubi
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The cryptocurrency price of XLM targets $0.32 after breaking trend - Is there more upside ahead?
Price breaks $XLM
The current trend is bearish, which has persisted for several months, with a sharp rise from the support level. A short-term pullback is likely before targeting the resistance area at the high timeframe of $0.32.
Stellar ($XLM ) has decisively broken a long-term bearish trend characterized by lower highs and lows. After a prolonged period of pressure and bearish momentum, its price has turned into a bullish trend, leading to a sharp rise directly to a technical resistance area. This indicates a structural shift in the $XLM market and suggests that bulls have regained control. While a short-term pullback may be expected, a breakout above dynamic resistance and key volume levels supports a bullish continuation structure.
The current trend is bearish, which has persisted for several months, with a sharp rise from the support level. A short-term pullback is likely before targeting the resistance area at the high timeframe of $0.32.
Stellar ($XLM ) has decisively broken a long-term bearish trend characterized by lower highs and lows. After a prolonged period of pressure and bearish momentum, its price has turned into a bullish trend, leading to a sharp rise directly to a technical resistance area. This indicates a structural shift in the $XLM market and suggests that bulls have regained control. While a short-term pullback may be expected, a breakout above dynamic resistance and key volume levels supports a bullish continuation structure.
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