🔥 $XLM is looking really solid – strong upward momentum with some consolidation near the highs right now.
4h candles are showing volume dropping off during this sideways move (latest one only ~778k vs earlier averages around 30M). Could be a healthy pause before the next leg up, or maybe a bit of exhaustion – earlier high-volume breakouts (those 125M spikes) give it a good foundation though.
*Capital flow: Spot's got nice positive accumulation over 24h (+329k USDT) – real demand there. Contracts are seeing outflows (-709k), which might mean some leverage is unwinding during the rise. That spot vs contracts divergence usually points to sustainable moves, not just hype.
*Price action $XLM : Price has established a solid base around 0.212–0.215, broke above 0.220, and now it's hanging out near highs with some rejection wicks at 0.222–0.223. Still making higher highs/higher lows overall – structure looks good.
*My plan $XLM : Cautious long bias – bullish but not chasing.
- Entry: Ideal pullback to 0.218–0.220 (around MA5 support).
Aggressive – break above 0.2235 with decent volume.
- Stop-loss: Around 0.2148 – below MA10 and Support
- Targets: Primary Resistance at 0.2297, secondary next resistance at 0.2364
RSI is overbought, so a dip to 0.216–0.218 before pushing higher wouldn't surprise me. Watch volume on any breakdown below MA5. #XLM #XLMUSDT #stellar