XLMUSDT → High readiness for a bull run to 0.6100
2025-01-16
Category: None

BINANCE:XLMUSDT  is ready to move into the realization phase after coming out of a strong accumulation. The market is struggling for a strong buying zone.

  

The coin, technically, is ending its correction. The price is gradually updating highs and breaking intermediate resistance levels, but the key factor is the exit from the medium-term consolidation and breaking the resistance of the descending channel formed on H4. 
If the bulls hold the defense above the key support zone 0.46 - 0.452, we can expect growth in the medium term. In addition, the rising bitcoin and the approaching Trump inauguration can be good drivers for the cryptovalt market. 

 Resistance levels: 0.486
Support levels: 0.4605, 0.4522 

Thus, the focus is on the consolidation of 0.486, 0.46. 
A break of resistance will activate the rally. False break of support and consolidation above the level will also be a good signal that the bulls are quite aggressive. 

Regards R. Linda!
