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XLM Charts Signal $1 Move as Pattern Takes Shape


XLM Charts Signal $1 Move as Pattern Takes Shape

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TL;DR

  • XLM forms inverse head and shoulders with a neckline at $0.50, with a potential target near $1.00.
  • SuperTrend flips bullish above $0.372, showing short-term reversal with support at $0.37 zone.
  • Net inflow of $874.71K signals mild selling pressure, but overall sentiment remains consolidated.

Pattern Structure Builds Toward Breakout

Stellar (XLM) is forming an inverse head and shoulders pattern on the 12-hour chart, according to analysis shared by crypto analyst Ali Martinez. The pattern includes a left shoulder in the January–February period, a lower low in April–May forming the head, and a right shoulder that began forming in August. The neckline sits near the $0.50 level.

Read the article at CryptoPotato

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