XLMUSDT → End of correction. One step away from a rally

XLMUSDT follows the flagship currency in forming a rally and breaking out of the correction. The trend is bullish, but news is ahead. Will the bulls be able to keep the price above the risk zone?



Bitcoin's growth is provoking a rally in altcoins. The price of XLM is breaking through the resistance of the downtrend and trying to consolidate in the bullish zone.
Stellar is breaking through the resistance of the correction and entering a new trading range of 0.3847 - 0.4142, respectively, after the rally, a correction is forming. The market may test support and the liquidity zone before rising.

Resistance levels: 0.4142, 0.4288, 0.433
Support levels: 0.3847, 0.3806

As part of the correction, I expect a retest of the 1/2 zone of the formed impulse or the support zone of 0.385 (previously broken consolidation and descending wedge border).

If the bulls keep the price from falling even after the news, the coin may continue its medium-term bullish run to 0.4685.

Best regards, R. Linda!