$XLM

Technical Analysis ✅ Overview:

The XLM coin has seen a strong rise in the last few hours, with the price climbing from 0.3960 to reach a high of 0.4411, achieving gains of over +11% in 24 hours.

Technical Indicators:

RSI (14): at 69.3 – close to the overbought zone, indicating a potential profit-taking or upcoming correction.

Stochastic RSI: exceeding 89 – also in the overbought area.

Bollinger Bands: the price broke above the upper limit at 0.4267, indicating strong momentum, but also a possible correction ahead.

Trading Volumes: have increased significantly, reinforcing the upward movement and confirming the entry of new liquidity.

Upcoming Resistances:

0.4411 ← Current highest peak.

0.4536 ← Technical resistance from a previous peak.

🟢 Support Zones:

0.4260 – 0.4230 ← Strong moving support from previous breakouts.

0.4120 – 0.4040 ← Important price pivot zone if a strong correction occurs.

Technical Recommendation:

Entering from the peak is not advised at this time.

We await a price correction towards 0.4260 or 0.4120, which could be an excellent opportunity to enter.

With a break of the resistance at 0.4411 and closing above it, we may see movement towards 0.4530 – 0.4600.

Condition: Strong upward movement with a possible correction soon.

Monitor the price, and do not enter after a sharp rise. Smart entry is at support, not at overbought peaks.

This analysis does not constitute direct financial advice and do not risk more than 5% of the portfolio in the trade.

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