XLM MARKET STRUCTURE UPDATE
I am tracking
$XLM closely as volume expands, with a 27.49% gain in the last 24 hours, indicating a potential upside of over 10% to reach the upper end of the range 🚀. The recent surge has pushed
$XLM into a critical level, and a clean breakout above the resistance zone of ~$0.21622 shouldn't be easy to achieve if
$XLM can't maintain its current momentum ⚡. Key support is at ~$0.16049, and a move below this level would require significant selling pressure to overcome the current bullish sentiment 🔴.
The
$XLM price action is suggesting a shift in market structure, with the VWAP indicating a strong buying interest at the $0.18850 mid range level 📈. If
$XLM can hold above this level, it could be a sign of a potential trend reversal, with a target of $0.21731, representing a 6.3% upside from current levels 🎯.
Institutional traders are likely to be watching the
$XLM liquidity pools and order blocks closely, as a significant move above the resistance zone could trigger a wave of buying interest, pushing the price towards the $0.21731 level, representing a 6.3% upside from current levels, and potentially validating the current bullish sentiment 💰.
DYOR
#XLM #LAYER_1 #Crypto #BinanceSquare