XLMUSDT → Consolidation above 0.300 will provide an opportunity

22 mag

XLMUSDT.P is returning to the buying zone relative to strong resistance as part of a local uptrend. The market backdrop is favorable, but Bitcoin poses risks...



Bitcoin is updating its historical high and continuing its bullish trend, which is a favorable backdrop for altcoin growth. However, risks are posed by the fact that BTC may form a false breakout of resistance, which would trigger a correction across the entire market.
XLMUSDT is returning to the buying zone relative to strong resistance as part of a local uptrend.
If the bulls hold their ground above 0.3000, growth may continue in the short and medium term.

Resistance levels: 0.318, 0.324
Support levels: 0.300, 0.2975, 0.2799

The focus is on 0.3000, which is a fairly important and key (psychological) level. If the bulls manage to hold their ground above this point, the price will continue to rise, but it is necessary to monitor the behavior of the bitcoin.

Best regards, R. Linda!

23 mag

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