$XLM

🌟XLM Price Prediction: Will it hit 0.61 or be pushed back by bears?

On August 7, XLM directly broke through the 20-day moving average ($0.42), which likely indicates that the correction phase has ended.

🐂 Bullish Scenario

As long as it stays above $0.46, XLM has a chance to first touch $0.52. Bears are likely to launch a strong resistance at $0.52, but if the bulls push through, the next target will be $0.61.

🐻 Bearish Scenario

The first line of defense below is the 20-day moving average. If the price rebounds here, it indicates that market sentiment is bullish, and everyone is buying on dips. However, if it is directly broken through and closes below the 50-day moving average ($0.35), then the bulls will be done, and the bears will regain control of the battlefield.