Stellar (XLM) Sees Sharp Rebound,Eyes $0.32 Target
Stellar (XLM) has broken free from its prolonged downtrend, sparking a significant rally. The cryptocurrency has surged past its previous resistance, signaling a potential shift in market sentiment.
For months, XLM was trapped in a bearish pattern. but now,itS breaking out. The price has climbed sharply from its support level. This move suggests that buyers are gaining strength. However, a slight dip might occur before it aims for the $0.32 resistance.
Traders should be ready for a brief retreat. This is normal after such a strong move. The $0.22 support zone is crucial. if it holds, it will confirm the bullish trend.
Here are the key points:
- Breakout from a bearish pattern.
- Support at $0.22 confirmed as a reversal zone.
- Next target is the $0.32 resistance level.
For more insights, check the XLMUSDT (1D) Chart.
