$XLM
📊 Technical Analysis for XLM/USDT – 4-Hour Interval
🔹 Current Price: $0.4273 (+0.61%)
🔹 After the sharp decline from the peak of $0.4716, the price has formed a temporary bottom near $0.4116 with the beginning of a bullish rebound.
🔹 The Bollinger Bands indicator shows that the price has returned to consolidate near the lower limit, indicating the possibility of a corrective upward movement.
🔹 The Stoch RSI indicator is in oversold territory (<20), which reinforces the likelihood of a short-term rebound.
🔹 The RSI(6) is at 44, indicating room for upward movement before reaching overbought levels.
🔹 The MACD is still in negative territory, but it shows the beginning of convergence between the averages, which could pave the way for a positive breakout if the momentum continues.
📈 Resistances: 0.4330 – 0.4400 – 0.4580
📉 Supports: 0.4230 – 0.4170 – 0.4110
💡 Technical Outlook:
If the price maintains support at 0.4230, we may see an increase towards 0.4330 and then 0.4400. Breaking support at 0.4170 will bring selling pressure back towards 0.4110.
Note: This analysis represents a personal technical view and is not direct financial advice.
