by: xpoolPosted on:

XLM Price Outlook: Potential Breakout Based on Inverse Head and Shoulders Pattern

XLM is displaying an inverse head and shoulders pattern near the $0.37 level, hinting at a potential bullish movement. The pattern’s formation suggests a possible breakout to levels exceeding $0.95 if price surpasses the $0.50 neckline. Analysis by TradingView’s Ali Martinez reveals a temporary price dip towards the $0.33 Fibonacci retracement level before a potential surge.

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