XLM showcases a double-bottom bounceback from the 200-day EMA.
The recovery rally breaks past the resistance trendline, potentially averting a death cross.
XLM's breakout rally is nearing the overhead supply belt at $0.14.
Currently trading at $0.12269, XLM is at a 37% discount from its 2023-high of $0.1959.
The bullish double-bottom reversal suggests a potential surge in Stellar Lumens' market value.
The rally is positively influencing the 50-day EMA trajectory.
XLM's price trend between the 50 and 200-day EMAs indicates a strong bounce.
With a 7.67% increase in the last 48 hours, XLM surpasses the 50% Fibonacci level.
The breakout rally aims for the $0.1425 mark, challenging the supply belt.
The supply belt aligns with the 23.60% Fibonacci level.
The double bottom reversal's neckline is at $0.1425, potentially leading to a 15% price increase.
If bullish momentum continues, XLM could break the $0.1425 supply belt and aim for $0.20.
A downtrend breaking the 200-day EMA could see XLM drop to $0.094.
The recovery rally breaks past the resistance trendline, potentially averting a death cross.
XLM's breakout rally is nearing the overhead supply belt at $0.14.
Currently trading at $0.12269, XLM is at a 37% discount from its 2023-high of $0.1959.
The bullish double-bottom reversal suggests a potential surge in Stellar Lumens' market value.
The rally is positively influencing the 50-day EMA trajectory.
XLM's price trend between the 50 and 200-day EMAs indicates a strong bounce.
With a 7.67% increase in the last 48 hours, XLM surpasses the 50% Fibonacci level.
The breakout rally aims for the $0.1425 mark, challenging the supply belt.
The supply belt aligns with the 23.60% Fibonacci level.
The double bottom reversal's neckline is at $0.1425, potentially leading to a 15% price increase.
If bullish momentum continues, XLM could break the $0.1425 supply belt and aim for $0.20.
A downtrend breaking the 200-day EMA could see XLM drop to $0.094.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.