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XLM crypto price impulsive rally: $0.42 resistance could trigger pullback.
Stellar Lumens has officially broken its downtrend with a bullish engulfing candle above $0.32. Price now approaches high time frame resistance at $0.42, where a short-term pullback may occur.
XLM is experiencing an impulsive bullish rally after decisively breaking a major resistance level at $0.32, a move that officially marks a market structure shift. For weeks, Stellar had been trapped in a bearish pattern of lower highs and lower lows.
That trend is now broken following the formation of a bullish engulfing candle and the establishment of a confirmed higher high, suggesting a transition into a new bullish phase. However, with price now nearing a critical resistance zone at $0.42, a short-term pullback may be healthy and expected.
The recent rally in XLM comes after an extended bearish cycle where price was consistently posting lower lows and lower highs. That trend was decisively invalidated when price surged through the $0.32 resistance, printing a bullish engulfing candle and closing strongly above prior lower highs. This action created a new higher high, officially flipping the market structure from bearish to bullish.#ShariaEarn #Write2Earn #BinanceTurns8 #stellar $XLM