XLM Crypto 8-Day Rise – Up 443.44%, But What’s Next
Crypto Analysis
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- Stellar has successfully navigated through the crucial resistance levels of $0.097 and $0.103.
- $0.162 and $0.197 are potential targets, but anticipate short-term fluctuations.
Stellar [XLM] surged by 57.22% from November 4, reaching a peak of $0.1415 on November 12 before pulling back by 7.84%. Technical indicators remain optimistic as of now.
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XLM marks a breakout with flair
XLM crypto has impressively broken out of its constrained trading range observed over the past six months with bullish signals emerging since November 7 when it surpassed the lower high resistance at $0.097.
The price could present an outstanding buying opportunity if it dips back towards the $0.115 or $0.11 region.
This setup allows Stellar to strategically move through these zones to gather liquidity before continuing its upward trend.
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