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Assessing how Stellar [XLM] could rally 25% if THIS level breaks
Stellar (XLM) has been mirroring Ripple’s (XRP) bullish patterns, signaling a potential rally of up to 25%. A breakout above $0.463 is crucial in initiating this upward momentum.
The price action and historical patterns suggest that Stellar’s sideways trend will end only if it breaks out of the current range. In the event of a successful breakout, XLM could potentially reach the $0.58 level.
A recent surge in trading volume, with an increase of 51% compared to the previous day, has raised hopes among investors and traders. This uptick is a clear indication that market participants are shifting their focus towards Stellar, a development that may lead to further price gains.
The Relative Strength Index (RSI) currently stands at 60, indicating potential for further upside momentum if buying pressure continues.
Moreover, XLM’s price action has been exhibiting strong bullish signals. It’s now on the cusp of breaking out from its current trading range and could potentially reach $0.58 in the near future.
Source: ambcrypto.com
