XLM’s 15% price surge explained – Is $0.60 its next target?

Key Points

1. XLM surged 15.25% in 24 hours, reaching $0.4610, with traders and investors showing strong interest.

2. Technical analysis indicates a breakout from a bullish flag and pole pattern, suggesting a potential 30% rally to $0.60.

3. Over $2 million worth of XLM tokens left exchanges in 24 hours, signaling potential accumulation by investors.

4. Key liquidation levels are at $0.4297 and $0.4711, with $22.27 million in long positions and $3.46 million in short positions.

5. The Relative Strength Index (RSI) stands at 63, indicating bullish momentum but not yet overbought.