XLM Ready for Lift-Off? Wait for Breakout of $0.458!
2024-12-17
Category: None

Stellar XLM is still trading in the range zone between $0.40 and $0.46 with the sideways price action.

1. If XLM can break through $0.458 with confidence, bulls might take over and aim for the next resistance at $0.525 and, possibly, higher. That’s where momentum could build up nicely, potentially giving traders something to cheer about (Solid Green Projection).

2. The price is pushing higher. However, if the price stumbles here, we’ll need to watch closely. A minor pullback to $0.431 and a bounce higher would signal buyers still have skin in the game (Dashed Green Projection).

3. On the other hand, if sellers step up and push XLM below $0.399, things could take a bearish turn. A drop toward $0.325 would be the next logical stop, and traders may want to brace for a deeper pullback if that level fails (Red Projection).

In short: $0.458 is the decision zone. A breakout or breakdown will set the tone. Bulls have a target at $0.525 and then $0.593, while bears have their eyes on $0.40—let’s see who blinks first!