⚡ $XLM: A SECOND TRENDLINE BREAK COULD REOPEN THE $0.50 CHAPTER 👀
XLM's daily chart has broken above the steepest downtrend, while the major descending resistance remains overhead.
The projected path tests support at $0.1447 first before attempting to reclaim $0.1757.
Breaking the remaining trendline and defending it on a retest could strengthen the recovery toward $0.30 and $0.4143.
Beyond those hurdles, $0.4694 and $0.4943 form the upper resistance zone.
The projected climb includes pullbacks, while a sustained loss of $0.1447 would weaken this bullish setup.
$XLM
XLM's daily chart has broken above the steepest downtrend, while the major descending resistance remains overhead.
The projected path tests support at $0.1447 first before attempting to reclaim $0.1757.
Breaking the remaining trendline and defending it on a retest could strengthen the recovery toward $0.30 and $0.4143.
Beyond those hurdles, $0.4694 and $0.4943 form the upper resistance zone.
The projected climb includes pullbacks, while a sustained loss of $0.1447 would weaken this bullish setup.
$XLM
