Analysis of XLM/USDT Pair Based on the Attached Image and Explanation:

Overview of Current Price:

- Current Price: 0.2863 USDT (Change of -0.17%).

- Highest Price in 24 Hours: 0.2930 USDT

- Lowest Price in 24 Hours: 0.2857 USDT

- Trading Volume (XLM): 34.36M

- Trading Volume (USDT): 9.92M

Technical Analysis:

1. Current Trend:

- The currency is moving within a downward channel (downward trend) with signals for a breakout of the trend line.

- After the breakout, the trend line was retested as a support level, enhancing the likelihood of starting a bullish wave.

2. Technical Patterns Referenced:

- Double Bottom Pattern: indicates a reversal from bearish to bullish if the breakout is confirmed.

- 'W' Pattern (Double Bottom with a shape similar to the letter W): enhances the chances of rising towards the drawn targets.

3. Technical Indicators:

- STOCHRSI Indicator: at 4.9731, which may indicate oversold conditions (opportunity for a rebound).

- MA Indicator (Moving Average): shows convergence with the downward trend line.

Potential Price Targets in Case of Rise:

1. Short and Medium-Term Targets:

- 0.33 USDT (First Resistance).

- 0.40 USDT (Breaking an important psychological level).

- 0.47 USDT (Historical resistance area).

- 0.54 USDT (Challenge of medium-term peak).

2. Long-Term Targets:

- 0.65 USDT (Major previous peak).

- 0.80 USDT (Final target based on double bottom pattern).

- 3-4 USDT (in case of breaking long-term resistance and gathering liquidity above 1.00 USDT).

Support and Risk Points:

- Support Levels:

- 0.23 USDT (First reinforcement area).

- 0.20 USDT (Strong support).

- 0.18 USDT (Critical support in case of sharp decline).

Risks:

- Failure to break resistance at 0.29-0.30 USDT may bring the price back to the downward channel.

- High market volatility may affect target achievement.

Summary:

- The currency shows strong technical signals to start a bullish wave after breaking the downward trend and a successful retest.

- It is advisable to monitor price movement at 0.29-0.30 USDT as a critical station for upward movement.

- Warning: This analysis is a personal opinion and should not be considered investment advice. Risks should be managed, and stop-loss orders should be placed.

Note: The numbers and forecasts are based on current data and may change as the market evolves.