$XLM is currently consolidating within an ascending triangle, indicating a potential breakout in the future. Key resistance around $0.52 has been tested multiple times since Tuesday, and the formation of higher lows suggests increasing buying pressure. A confirmed breakout above $0.52 could validate the pattern and create conditions for a rise to $0.63 by August, representing a 35% increase from current levels. This target price is calculated by adding the maximum height of the triangle to the breakout point, as shown in the figure above.
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