XLM Cycles Reflect in Price Action, Traders Watch Fibonacci Levels for Breakouts

Analysis of XLM’s weekly chart reveals recurring 51-bar and 52-bar cycles that suggest a possible breakout. These cycles, spanning 357 days and 364 days respectively, create a repeating structure around the Fibonacci levels at 0.618 and 0.786. Traders are now looking for a potential break from this long-term pattern.