The XLM/USDT market is currently bullish, supported by a strong ascending trendline. Despite broader market fluctuations, bulls are aggressively defending this support, indicating confidence in the asset and potential for upward continuation.
Bitcoin (BTC) and Ethereum (ETH) are showing strength, which typically sets a favourable environment for altcoins like XLM. A temporary pullback or stabilization in BTC often opens the door for capital rotation into altcoins, giving them room to rally.
XLM is bouncing off the uptrend support line, signalling ongoing bullish sentiment. The price has returned to a consolidation range, but it is facing a strong resistance zone near 0.4600. A confirmed breakout above $0.4600 will likely validate a bullish market structure and could open the door to higher targets. Until then, XLM may range or retest the support, but the overall setup remains constructive as long as the support holds.
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