Stellar [XLM] – Here’s what traders should look for after $0.30
2025-07-11 08:03:29
![Stellar [XLM] – Here’s what traders should look for after $0.30](https://static.bitprismia.com/feature-images/AMB-Crypto/90c9a39c15ae18b102403cc0449acd52.webp?x-oss-process=image/resize,m_lfit,w_708,limit_0/quality,q_90/format,webp)
Main Idea
Stellar (XLM) has shown significant gains in July, but traders should be cautious of key resistance levels and potential profit-taking opportunities.
Key Points
1. Stellar (XLM) has risen 31% since July 2nd after defending the $0.22 support level.
2. The weekly chart remains bearish unless XLM closes above $0.334, which would confirm a bullish reversal.
3. The $0.30 level is a psychological resistance point for XLM bulls, with a bearish order block noted between $0.295 and $0.32.
4. Traders in long positions may consider booking profits due to potential resistance and sideways movement.
5. Long-term investors might view recent pullbacks as a consolidation phase and consider accumulating XLM.
Description
Bitcoin is expected to lead the rally now that it has set a new all-time high- XLM traders could look to book profits and wait.
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