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Stellar Lumens Price Prediction – XLM Bulls Seek Re-Entry At…
The recent market downturn could be a golden opportunity for XLM bulls to re-enter the market, with the Stellar Lumens (XLM) price predicted to reach $0.50 in the near future.
In early January, XLM surged by 45%, but unfortunately, it has since erased some of those gains. However, this latest pullback presents a buying opportunity that could potentially lead to a significant rebound.
According to recent market analysis and trends, it appears that Stellar Lumens is poised for a bounce back, with key support levels at $0.30 and $0.36 being targeted by XLM bulls. If the price extends its decline to below $0.30, the bullish thesis would be invalidated, but for now, bears are in control.
In addition to the aforementioned levels, the weekly charts have also confirmed that $0.30 is a strong support area, which could trigger a price rebound if defended. This raises the possibility of an upside liquidity sweep towards $0.43-$0.45 and then potentially even higher at $0.48, where there is substantial liquidity.
These predictions are based on market trends and analysis, but it remains to be seen how they will play out in reality. If XLM manages to reach these predicted levels, it could provide significant returns for investors who take a bullish stance on the asset at this time.
Source: ambcrypto.com
