$XLM Sparks a Bullish Surge – Breakout or Fakeout Ahead $0.4800?
XLM is currently trading at $0.4741, holding gains after a strong upward impulse. Price has tapped the $0.48 resistance and pulled back slightly — bulls are eyeing a second attempt with increasing volume support.
Key Technical Levels
• Resistance Zone: $0.4780 – $0.4810
A confirmed close above could ignite fresh bullish momentum.
• Support Zone: $0.4720 – $0.4650
This level must hold to avoid a bearish retest of lower demand zones.
Trade Setup
Bullish Scenario
• Entry: Above $0.4810
• Target 1: $0.4950
• Target 2: $0.5120
• Stop Loss: Below $0.4710
Bearish Scenario
• Entry: Below $0.4650
• Target 1: $0.4520
• Target 2: $0.4400
• Stop Loss: Above $0.4725
What to Watch
• Rejection or acceptance at $0.4780
• RSI + MACD crossover confirmation
• Volume breakout near upper wick area
XLM is riding high with solid 7-day and 30-day returns. All eyes are on the $0.4800 breakout level. If bulls crack it with conviction, we could see a clean push into mid-$0.50s. Until then, expect a battle of wicks and volume at resistance.
