Stellar Lumens
Long

XLM Prices Within Range Predicts a Breakout Rally

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  • Despite spikes in XLM prices, the market value struggles to exceed $0.172.
  • Recently, XLM has recovered from $0.14, showing a 15% rise, and maintained above the $0.15 mark.
  • XLM's price has been consolidating between $0.1550 and $0.1650, suggesting a bullish flag pattern.
  • The RSI line is reversing from oversold, indicating a potential retracement, while the MACD and signal lines continue to align bullishly.
  • If XLM surpasses the bullish flag pattern, it could ascend towards the $0.172 swing high, with a target of reaching $0.19.
  • However, if bearish momentum persists, XLM prices could face an 11% drop, potentially testing the $0.14 support level.

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