$XLM Stellar Price Analysis 🚀📈

Stellar (XLM) is currently priced at $0.4808 and is facing resistance at the neckline of the inverted H&S pattern. Despite this, the bulls have managed to keep up the pressure. Let's take a closer look at what this means for traders and investors. 💡

Current Price Action🔍

The upsloping 20-day EMA ($0.43) and the RSI above 61 suggest that the path of least resistance is to the upside.

Key Levels to Watch📊

- Neckline Resistance: Breaking and closing above this level could trigger a rally.

- $0.64: The next target if the neckline is breached. This level may act as a strong hurdle.

- $0.86: If buyers manage to push through $0.64, the next potential target is $0.86.

Potential Scenarios 🎯

- Bullish Breakout 🐂: If XLM breaks and closes above the neckline, it could start a rally toward $0.64. Overcoming this hurdle could pave the way for a further rise to $0.86.

- Bearish Reversal 🐻: Alternatively, if the price turns down from the neckline and breaks below the moving averages, it suggests that bears are attempting to seize control. In this scenario, the XLM/USDT pair may slump to $0.38.

**Conclusion** ✨

The coming days will be crucial for Stellar as it tests the neckline resistance. Whether it breaks out or turns down will determine its next move. Investors should closely monitor these key levels to make informed decisions.

Stay tuned and happy trading! 📊🚀

#XLM #StellarAnalysis #priceanalysis

Feel free to share this analysis and discuss it with your network. If you have any more questions or need further insights, I'm here to help! 😊📈