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Stellar (XLM) Surges 13% as Golden Cross Forms on Hourly Chart
The price of Stellar (XLM), a cryptocurrency known for its fast and low-cost transactions, has seen an unprecedented surge, skyrocketing by 13%. The sudden rally is fueled by the emergence of a bullish pattern on the hourly chart.
According to our analysis, key resistance levels are at $0.511, $0.60, and $0.636, where selling pressure may increase if these levels are breached. However, if XLM can break through these zones, it could lead to further gains in the market.
On the downside, Stellar’s support levels are at $0.43, which coincides with the daily SMA 50 and $0.31, which could act as buying zones if the price retraces.
Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only.
Source: u.today
