$XLM — resistance matters more than a pretty chart pattern
In the long-term recovery scenario, the $0.60–$0.70 area stands out for $XLM . This is a zone where the sellers’ reaction is especially important.
The possibility of a breakout from a large triangle looks appealing, but the chart pattern itself does not confirm a multiple-fold increase. The price needs to hold above significant levels and stay there after the breakout.
Until then, the recovery may remain an ordinary bounce within a broad range. The practical question for $XLM is whether demand can break through resistance. Without an answer, distant targets are less useful than watching the closes and the retest.
In the long-term recovery scenario, the $0.60–$0.70 area stands out for $XLM . This is a zone where the sellers’ reaction is especially important.
The possibility of a breakout from a large triangle looks appealing, but the chart pattern itself does not confirm a multiple-fold increase. The price needs to hold above significant levels and stay there after the breakout.
Until then, the recovery may remain an ordinary bounce within a broad range. The practical question for $XLM is whether demand can break through resistance. Without an answer, distant targets are less useful than watching the closes and the retest.