- XLM has been in an upward trend for the past 15 days and has gained more than 50% in value.
- Daily closes above the $0.10877 resistance indicate a target of $0.1143 for XLM.
- There are large buy orders at the support range of $0.09663 – $0.09154 for XLM.
According to the daily technical chart of XLM, it can be seen that it has experienced a rapid upward movement in the past 15 days and is currently trading at $0.1073. According to the analysis, if XLM surpasses the $0.10877 resistance, it has further upward potential, but the importance of support levels should not be forgotten.
XLM Experienced an Increase to the Target of $0.1168!
In our XLM analysis shared on June 27, we mentioned that if it closes daily above the $0.1012 level, it could rise to the $0.1168 level for Coinotag readers.
XLM, with daily closes above the $0.1012 level on June 29, achieved its upward movement to the $0.1168 level and provided our readers with a return of over 15%.
Medium-Term XLM Analysis
Daily XLM/USD Price Chart
When the daily technical chart of XLM is examined, it can be observed that it has been in an upward trend for the past 15 days and has gained more than 50% in value. Currently, the XLM price is trading at $0.1073.
If the XLM price achieves daily closes above the specified $0.10877 level, it can target the $0.1143 resistance. If XLM can surpass the $0.1143 level, the next target could be the $0.125 level.
However, if the XLM price fails to close above the $0.1143 level, it could retrace towards the range of $0.09663 – $0.09154 using the downward movement as a starting point. This range includes significant support and resistance levels.
XLM whales are waiting for the opportunity to buy in the support range of $0.09663 – $0.09154. There are large buy orders in this range. If XLM can reverse in the range of $0.09663 – $0.09154, it can extend its upward movement to the $0.15 level.
In order for XLM to experience a drop to the support range of $0.09663 – $0.09154, it needs to continue its daily closes below the $0.1143 level. However, if XLM closes above the $0.1143 level, the target will be the $0.125 level.
