On the daily chart, $XLM formed a bullish pennant. This pattern is formed when a strong upward price movement (flagpole) is followed by a period of consolidation resembling a small symmetrical triangle (pennant).

These indicators signal that XLM may be preparing for a new wave of growth. If demand strengthens and XLM successfully breaks out of the 'bullish pennant' pattern, traders can expect strong growth. This means that the price of XLM could potentially rise to $0.73.