XLM: Reclaims 0.25 Zone After Trendline Breakout
XLM breaks descending trendline and reclaims 0.24-0.25 supply zone at $0.25, with 4h chart showing EMA50 support at $0.2 and upper Bollinger at $0.29.
SourceAnalysis
XLM delivered a decisive breakout above the descending trendline, reclaiming the 0.24-0.25 resistance zone that now flips to support at the current $0.25 price. The structure points to sustained bullish continuation rather than a short squeeze, with the 0.18-0.20 demand zone serving as the critical retest area for confirmation.
On the 4h chart, XLM trades inside the Bollinger Bands with price testing toward the $0.29 upper resistance while the neutral RSI(14) at 61.44 leaves room before overbought conditions; the EMA50 at $0.2 and EMA200 at $0.17 act as layered long-term supports, though the MACD death cross at 0.02 signals near-term momentum caution that could trigger a healthy pullback to the 50-EMA before continuation toward the 0.29-0.30 resistance. XLM price prediction models now favor higher targets at 0.52 on sustained momentum above the reclaimed structure.
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