$XLM is currently around $0.190 on the 1H chart after a strong move from the $0.155–$0.160 area.
Price pushed above $0.18 and has since been consolidating around $0.19–$0.20.
The key area I’m watching is the $0.168–$0.173 support zone marked on the chart. If #XLM pulls back into this area and buyers defend it, we could see another attempt toward $0.20 and potentially higher.
There is also an important level around $0.178. Holding above this area would keep the short-term structure looking healthy.
I wouldn’t chase the current move. After a strong rally, a retest can give the market room to cool down before the next move. #Stellar #DeFi
Price pushed above $0.18 and has since been consolidating around $0.19–$0.20.
The key area I’m watching is the $0.168–$0.173 support zone marked on the chart. If #XLM pulls back into this area and buyers defend it, we could see another attempt toward $0.20 and potentially higher.
There is also an important level around $0.178. Holding above this area would keep the short-term structure looking healthy.
I wouldn’t chase the current move. After a strong rally, a retest can give the market room to cool down before the next move. #Stellar #DeFi
