Stellar is flashing green on the daily chart, with momentum building and key levels aligningācould this be the start of a juicy move toward $0.55? Letās break it down Square-style: friendly, insightful, and full of value. š
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š Chart & Pattern Highlights
Daily breakout alert: XLM has jumped over 11% in a single day, breaking months of resistance around $0.30ā0.32 on strong volumeāfueling plenty of bullish buzz .
Flag & double bottom: Traders spotted a daily bullish flag and a classic double bottom, setting a target range of $0.45ā$0.50, with technicals hinting at more .
Wave count & channel breakout: XLM has busted out of a long-standing descending channel, and wave analysis suggests potential for 20ā50% upsideāpossibly reaching **$0.55+** .
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šÆ Key Price Levels
Zone Level (USDT) What to Watch
Support ~$0.30ā0.32 Recent breakout & repurposed resistance
**Entry Zone (Retest)** ~$0.30ā0.32 Bounce & volume confirmation to trigger entry
Aggressive Entry Daily close > $0.34 Confirms next leg; volume is key
Targets $0.40 ā $0.45 ā $0.55 Sequential gains; aligns with pattern targets
Stop-Loss Below $0.29 Protects downside if breakout fails
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š Momentum & Fundamentals in Play
Explosive gains: XLM surged 11%+ in one day, recently topping the charts among the top 20 cryptos with a 6% move hitting $0.388 .
Ecosystem catalysts: PayPalās rumored launch of its PYUSD stablecoin on Stellar, plus the Protocol 23 upgrade and Soroban smart contracts, add real utility and hype .
Volume & on-chain strength: Breakouts came with strong volume, signaling firm buyer convictionābull setups look structurally sound .
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š ļø Square-Style Trade Strategy
1. Safe entry: Buy on a retest around $0.30ā0.32 with bounce confirmation (e.g., bullish candles, rising volume).
2. Aggressive entry: Enter on daily close above $0.34āmomentum pickup signal.
3. Stop-Loss: Below $0.29, just under recent support.
4. Profit Zones:
TP1: $0.40
TP2: $0.45 (pattern target)
TP3: $0.55+ (extended play)
5. Risk control: Allocate 3ā5% of portfolio, trail stops on the way up to lock profits.
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š§ Why This Setup Matters
Clean technicals: Breakout from downtrend + bullish flag + double bottom = powerful convergence.
Real-world catalysts: PayPal stablecoin integration + protocol upgrades align with strong price action.
Wave and channel confirmation: Technical patterns project 20ā50% upside, with $0.55 in sight.
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ā Final Square Take
Stellar is showing š„ strengthāclear breakout, solid fundamental momentum, and technical targets that go all the way to $0.55. The play is simple: enter near latest support or on a clean breakout above $0.34, manage risk with tight stops, and ride the wave through $0.40, $0.45, then higher.
Drop a š if youāre tracking Stellar's next phaseāor a š if youāre waiting for confirmation. Let's rocket togetherāBinance Square style! š
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