Stellar Lumens’ Bullish Momentum Gains Pace, Eyeing $0.50
Stellar Lumens (XLM) is showing robust bullish price action, wiht a series of higher highs and lows. If it stays above the key support of $0.39, XLM could push toward $0.50.
The $0.39 level is crucial. As long as XLM closes above it, the asset should continue its ascent towards the $0.50 mark. The point of control, or the most traded volume zone, boosts this bullish outlook. Strong investor demand sustains the price above this pivot.
- Near-term support: $0.39
- Main goal: $0.50+
- bullish volume backs growth
XLM reclaimed key levels early in its rally, swinging optimism among traders. The asset now oscillates above the point of control. According to Market Auction Theory, this hints at a move to higher targets.
A clean run to $0.50 would signal strength. if XLM pierces above this zone, further gains look likely. Though, failing to hold $0.39 may lead to a lower trading band. Yet, structure would face real threats only if prices slide below past demand areas.
Technical clues, like volume patterns and market trends, suggest bulls are in control. Upcoming price movements will depend on XLM’s reaction around the point of control and whether buyers can propel it past $0.50.
