Good day ladies and gentleman today lets take a look at Stellar Lumen also known as XLM, with every other digital asset in the space that hit the sky in 1st Quarter of 2021 XLM hit its new ATH of $0.75 in May 2021 and then dropped to our support of $0.17 and ever since then its been trading side ways and today its trading at $0.25.
Therefore if XLM continues to hold that support and continues to trend up our trendline we see XLM breaking the $0.50 resistance before going ape and creating new ATHs following the BLUE path arrow to our target of $1.40-1.50 BUT if it breaks our support and trendline and retests and flips our support to resistance for confirmation of a down trend we could be looking into new lows for XLM following the RED path arrow.
Looking at the market and fundamentals we are still bullish for XLM longterm
Therefore if XLM continues to hold that support and continues to trend up our trendline we see XLM breaking the $0.50 resistance before going ape and creating new ATHs following the BLUE path arrow to our target of $1.40-1.50 BUT if it breaks our support and trendline and retests and flips our support to resistance for confirmation of a down trend we could be looking into new lows for XLM following the RED path arrow.
Looking at the market and fundamentals we are still bullish for XLM longterm
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