Rose

Major

Monero

Stellar

Reversal

<p><a href="https://captainaltcoin.com/heres-why-stellar-xlm-price-is-pumping/" target="_blank" rel="noopener noreferrer nofollow">Stellar (XLM)</a> is approaching critical support levels as it faces downward pressure in the crypto market.</p>
<p>Rose Premium Signals shared an analysis via X, highlighting potential price rebounds if these support zones hold firm. The technical outlook suggests a mixed scenario with both bullish and bearish possibilities depending on market behavior.</p>
<h2 class="wp-block-heading" id="strong-key-xlm-price-levels-to-watch-strong"><strong>Key XLM Price Levels to Watch</strong></h2>
<p>The analysis emphasizes two major support levels for XLM: $0.2875 and $0.2006. At press time, the price is above these two levels trading <a href="https://coinmarketcap.com/currencies/stellar/" target="_blank" rel="noopener noreferrer nofollow">around $0.3458</a>.</p>
<p>The $0.2875 zone aligns with the 0.618 Fibonacci retracement level, marking a historically relevant area for potential reversals. If this level fails, the $0.2006 support, corresponding to the 0.786 Fibonacci retracement, serves as a deeper safety net for buyers.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XLM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XLM</a> / USDT<a href="https://twitter.com/hashtag/XLM?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XLM</a> The price is nearing strong support zones at 0.2875 and 0.2006. A potential rebound is expected towards 0.4500 and 0.6090 if the support holds. Technical indicators support this scenario as RSI approaches oversold levels. Monitor the price action near these… <a href="https://t.co/MB2lY4YpbG" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/MB2lY4YpbG</a></p>— Rose Premium Signals <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f339.png" alt="🌹" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@VipRoseTr) <a href="https://twitter.com/VipRoseTr/status/1870052708025012608?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 20, 2024</a>
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<p>On the upside, XLM faces resistance at $0.4500, considered a mid-term target if a rebound occurs.&nbsp; Beyond this, $0.6090 is identified as a long-term resistance point and a major upside target, contingent on sustained bullish momentum. These levels form the basis of potential price trajectories in the coming weeks.</p>
<h2 class="wp-block-heading" id="strong-indicators-show-potential-for-a-rebound-strong"><strong>Indicators Show Potential for a Rebound</strong></h2>
<p>Technical indicators offer insights into <a href="https://ambcrypto.com/stellar-does-xlms-0-3851-support-point-to-a-potential-rally/" target="_blank" rel="noopener noreferrer nofollow">XLM’s price action.</a> The Relative Strength Index is nearing oversold levels, suggesting a possible reversal if buyer interest emerges.&nbsp;</p>
<p>The alignment of Fibonacci retracement levels with historical support zones adds further credibility to these price targets. This confluence of technical factors supports a cautious optimism for recovery, provided the support levels hold and market sentiment improves.&nbsp;</p>
<p>Rose recommends monitoring the $0.2875 and $0.2006 zones closely for confirmation of any trend reversal.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/monero-xmr-price-approaching-resistance-is-a-major-move-coming/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Monero (XMR) Price Approaching Resistance: Is a Major Move Coming?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-potential-scenarios-for-xlm-s-price-movement-strong"><strong>Potential Scenarios for XLM’s Price Movement</strong></h2>
<p>A successful defense of the $0.2875 support could trigger a rebound toward $0.4500. If buying pressure builds, the price might test the $0.6090 resistance level.&nbsp;</p>
<p>However, a breakdown below $0.2006 could lead to extended bearish activity, potentially targeting $0.1500 or lower. Market participants are advised to observe XLM’s price behavior near the support zones to gauge future trends.&nbsp;</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/stellar-charts-a-bearish-path-xlm-price-analysis-suggests-potential-reversal/" rel="noopener noreferrer nofollow">Stellar Charts a Bearish Path: XLM Price Analysis Suggests Potential Reversal</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Stellar Charts a Bearish Path: XLM Price Analysis Suggests Potential Reversal

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