$XLM

📊 Technical Analysis for XLM/USDT – 4 Hour Frame

🔹 General Trend:

The price is still in an upward trend in the short term after a strong rebound from the 0.3613 area up to the recent peak at 0.4689, then the price started to move sideways near the 0.4500 area.

🔹 Technical Indicators:

Bollinger Bands: The price is currently moving above the middle line (0.4306), indicating the continuation of upward momentum as long as this level is not broken.

MACD: Shows a slowdown in positive momentum, with the possibility of a minor correction wave beginning before resuming the upward trend.

Stoch RSI: In neutral areas after exiting overbought conditions, allowing for further fluctuations before the next strong movement.

Trading Volume: Slightly decreased after the rise, which is normal during the consolidation phase before determining the next direction.

🔹 Support and Resistance Levels:

First Support: 0.4440

Second Support: 0.4300

First Resistance: 0.4570

Second Resistance: 0.4680 (previous peak)

🔹 Expected Scenario:

If the price maintains trading above 0.4440, a retest of the 0.4570 area is expected, then 0.4680, and if the latter is broken with a strong close, we may see an extension of the rise towards 0.4820.

However, breaking the 0.4440 support may push the price to test 0.4300.

✍️ Note: This analysis is based on current technical data and is not considered direct financial advice. Always manage risks.