Amr Al Qahtani
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$XLM
📊 XLM/USDT Analysis – 4-Hour Interval
Current Price: 0.4651 (+5.30%)
🔹 Technical Situation:
The price has breached the upper limit of the Bollinger Bands (0.4618) with a strong candle close, indicating strong upward momentum.
The Relative Strength Index (RSI) is at 73 and the Stochastic RSI is at 88, which means the currency has entered the overbought territory and there is a potential for short-term profit taking.
A positive crossover in the MACD supports the continuation of the upward trend in the near term.
Trading volume has increased significantly, reflecting the influx of new liquidity into the market.
🔹 Important Levels:
Resistances: 0.4716 then 0.4827
Supports: 0.4618 then 0.4460
🔹 Expected Scenario:
If it holds above 0.4618, we may witness a continuation of the rise towards 0.4716 – 0.4827, while breaking the first support may push the price to correct towards 0.4460 before resuming the trend.
⚠️ Note: This analysis represents a personal technical view and is not direct financial advice.
📊 XLM/USDT Analysis – 4-Hour Interval
Current Price: 0.4651 (+5.30%)
🔹 Technical Situation:
The price has breached the upper limit of the Bollinger Bands (0.4618) with a strong candle close, indicating strong upward momentum.
The Relative Strength Index (RSI) is at 73 and the Stochastic RSI is at 88, which means the currency has entered the overbought territory and there is a potential for short-term profit taking.
A positive crossover in the MACD supports the continuation of the upward trend in the near term.
Trading volume has increased significantly, reflecting the influx of new liquidity into the market.
🔹 Important Levels:
Resistances: 0.4716 then 0.4827
Supports: 0.4618 then 0.4460
🔹 Expected Scenario:
If it holds above 0.4618, we may witness a continuation of the rise towards 0.4716 – 0.4827, while breaking the first support may push the price to correct towards 0.4460 before resuming the trend.
⚠️ Note: This analysis represents a personal technical view and is not direct financial advice.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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