The cryptocurrency market is mostly trading positively today, with XLM experiencing a significant increase of almost 12%. On the hourly chart, XLM is close to the resistance level of $0.4819, but there is a low chance of any major movements soon. If the price closes near or above this level, growth may continue to the $0.50 area tomorrow. On a larger timeframe, traders should pay attention to the $0.4718 level as a candle closure around it could lead to a test of the $0.50-$0.52 range. From a midterm perspective, XLM is in the middle of a wide channel, and focus should be directed towards the psychological level of $0.50. If the weekly bar closes near this level without a long wick, growth may continue to $0.60. Currently, XLM is trading at $0.4738.



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