Stellar (XLM) Signals Bullish Reversal with Breakout Pattern, Eyes Higher Fibonacci Targets
- XLM’s breakout above $0.293 neckline signals potential move toward Fibonacci targets.
- Rising MACD and near-overbought RSI highlight strong but cautious bullish momentum.
- Recent inflow spikes near $0.38 suggest renewed investor accumulation and market interest.
Stellar (XLM) is showing signs of a strong technical breakout, drawing attention from traders and analysts alike. Recent price action suggests that a bullish reversal could be underway. The token’s price has increased 10.13% over the past 24 hours and shows a similar rise over the last week, turning investor sentiment around XLM optimistic.
The current price of $0.3031 is hovering just above a critical neckline resistance level, which, breached and held, this level may open the path for significant upward movement. Analysts believe the next few trading sessions will be crucial to determine if Stellar confirms this reversal or slips back into a consolidation phase.
Ali Martinez Highlights XLM’s Reversal Pattern
Crypto analyst Ali Martinez has pointed out a possible inverse head-and-shoulders pattern developing on the XLM/USD chart. This pattern is commonly associated with a bullish reversal.
…The post Stellar (XLM) Signals Bullish Reversal with Breakout Pattern, Eyes Higher Fibonacci Targets appeared first on Coin Edition.
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Stellar (XLM) Signals Bullish Reversal with Breakout Pattern, Eyes Higher Fibonacci Targets
- XLM’s breakout above $0.293 neckline signals potential move toward Fibonacci targets.
- Rising MACD and near-overbought RSI highlight strong but cautious bullish momentum.
- Recent inflow spikes near $0.38 suggest renewed investor accumulation and market interest.
Stellar (XLM) is showing signs of a strong technical breakout, drawing attention from traders and analysts alike. Recent price action suggests that a bullish reversal could be underway. The token’s price has increased 10.13% over the past 24 hours and shows a similar rise over the last week, turning investor sentiment around XLM optimistic.
The current price of $0.3031 is hovering just above a critical neckline resistance level, which, breached and held, this level may open the path for significant upward movement. Analysts believe the next few trading sessions will be crucial to determine if Stellar confirms this reversal or slips back into a consolidation phase.
Ali Martinez Highlights XLM’s Reversal Pattern
Crypto analyst Ali Martinez has pointed out a possible inverse head-and-shoulders pattern developing on the XLM/USD chart. This pattern is commonly associated with a bullish reversal.
…The post Stellar (XLM) Signals Bullish Reversal with Breakout Pattern, Eyes Higher Fibonacci Targets appeared first on Coin Edition.
Read More