I saw this forming yesterday on the hourly, looks like the daily has the bearish indicators too. I may close my position today and wait for re-entry around 1100-1200 sats. I will update if I do. You can see it caps out at the top of the wedge, confirming the resistance, even more, every time it does.
This needs room to grow, because it will not stop growing for a while imo, we need this next dip to clear 2k sats. Here you see my thoughts on where it's going price wise in yellow, try not to rely on the timeframe of the line. Remember, never try to time the market.
*This is not investment advice. *Disclaimer: I own XLM.