XLM/USDT Could XLM continue the upward Movement ??

💎 XLM has recently garnered notable interest in the market. A few days ago, it achieved a breakout from a descending channel pattern. Currently, upon examining the chart, we see XLM retesting at the trendline, where it has shown a strong bounce and is now consolidating in the Lower Time Frame (LTF). Should XLM successfully break through the $0.124 level, which previously marked a higher high, there's a strong probability it will continue its upward trajectory toward our targeted area.

💎 However, if XLM fails to surpass the local resistance at $0.124, there's a likelihood it might retreat back to the demand area to gather new momentum, or it could even move further down to the support area.

💎 In the support zone, a strong rebound is essential for XLM. If it merely consolidates without a significant bounce, there's a risk that XLM could lose this support area, leading to a further descent towards the strong demand area.

Trade closed: target reached:

Bingo! #XLM is dancing to our tune, up 15.27% just like we predicted