💡 Quick Technical Analysis:
✅ Rocket Launch! After a strong upward wave that pushed the price from levels of 0.3000 to above 0.5200, XLM has shown massive buying interest.
✅ Accumulation Phase! The price has entered a sideways range after the rise, which is often a warrior's rest before determining the next direction.
⚠️ Critical Support Test! The last red candle is putting pressure on the price and presenting it with a real test of the current support area. This is the moment traders are waiting for!
🚀 Expected Scenario:
If the price manages to hold above the support area of 0.4200 - 0.4300, this could be an ideal pivot point to return and target resistance at 0.5000 again. However, if this support is broken, the price may head to test the psychological level at 0.4000.
🔥 Is this a buying opportunity?
Many see these corrections after significant rises as "golden opportunities" and not the end of the wave. Is XLM preparing to absorb selling pressure and launch into a new upward wave? 🌊
📢 Share your opinion! Do you expect XLM to strongly rebound from these levels? 🚀👇
💎 Hit like and share this analysis if you are optimistic about the near future of Stellar!
