🚀 XLM Ready to Launch or Cool Off? Key Levels to Watch! 🌌💥
🔍 Current Price: $0.4665 USDT
Stellar (XLM) just blasted off with a massive green candle and heavy volume, but is the rally just getting started — or about to cool off? Let’s dive into the daily chart:
🔥 Key Observations
✅ Massive Pump in July — powered by strong bullish momentum.
🔓 Breakout Confirmed from a multi-month downtrend/consolidation range.
📈 Volume Surge adds conviction — bulls are clearly in control… for now.
🕹️ Testing Historical Highs — resistance from early 2024 being challenged.
🛑 Resistance Zones
$0.5363 USDT 📍 – Major resistance from past highs. Currently being tested.
$0.6360 USDT 🚧 – Next target if $0.5363 breaks.
$0.70+ USDT 🌠 – No major resistance above this zone on the daily timeframe.
🛡️ Support Zones
$0.4391 USDT 🧱 – Key breakout level now acting as immediate support.
$0.3767 USDT 🛑 – Strong horizontal support, previously acted as resistance.
🔁 Old Downtrend Line – May offer dynamic support on pullbacks.
📊 Possible Scenarios
✅ Bullish Case:
A clean break & hold above $0.5363 = 🔥 bullish continuation.
Targets: $0.6360, then $0.70+ 🚀
Retest of $0.4391 as support would confirm breakout strength.
⚠️ Bearish Case:
Rejection from $0.5363 = possible pullback to $0.4391 or $0.3767.
A drop below $0.3767 could trigger deeper correction. Watch volume.
👁️ What to Watch Next
Breakout or Rejection at $0.5363 📉📈
Volume behavior on any pullbacks 🔊
Support confirmation at $0.4391 / $0.3767 ✅