$XLM
Technical Analysis of XLM/USDT – 4-Hour Time Frame
Current Price: 0.4027 (+2.91%)
General Trend:
The currency shows a bullish rebound from the level of 0.3613, with short-term averages being broken, indicating the beginning of positive momentum in the short term.
Technical Indicators:
✅ Bollinger Bands: The price is trading above the average (0.4025) and is approaching the upper limit (0.4186), which enhances the chances of continuing to rise.
✅ RSI: At 52.6 – still in a neutral zone leaning towards the upside.
✅ Stoch RSI: Positive crossover supports the continuation of bullish momentum.
✅ MACD: Recent bullish crossover and appearance of green bars on the histogram = positive signal.
Supports and Resistances:
First Support: 0.3950
Second Support: 0.3864
First Resistance: 0.4080
Second Resistance (Strong): 0.4185
Third Resistance: 0.4289
Expected Scenario:
If it remains above 0.3950, a continuation of the rise is likely, testing 0.4080 then 0.4185. Any break below the level of 0.3860 nullifies the bullish pattern.
Note: The analysis is technical and educational only – it is not considered financial advice. 👇
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