In accordance with CoinsProbe, Stellar (XLM) has formed an inverse head and shoulders pattern on its 4-hour chart, a key bullish reversal formation. The price has recently bounced from the right shoulder at $0.2433 and is now approaching the neckline resistance at $0.2615. A confirmed breakout above this level could push XLM toward a target of $0.3053. However, failure to break through may result in a pullback to the $0.249–$0.243 support zone. The broader crypto market has also seen a rebound, with Ethereum (ETH) recovering above $3,000 after a recent dip.
Stellar (XLM) Shows Inverse Head and Shoulders Pattern, Suggesting Potential Breakout
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